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S. Korea: Economic Growth Lies in Investing in New Tech - President
Source: korea.net
Source Date: Friday, August 28, 2015
Focus: Knowledge Management in Government
Country: Korea (Republic of)
Created: Sep 01, 2015

“The key to lifting the nation from its sluggish economy and its downward spiral lies in the creative industries,” said President Park Geun-hye during the opening ceremony for the “Center for a Creative Economy and Innovation Festival” held in Daejeon on Aug. 27. 

“As all 17 of the Centers for a Creative Economy and Innovation across the nation are now in full operation, we have seen great results, both big and small, coming to light there. I hope that these achievements will help the nation gain growth momentum, fanning the flames of the creative industries across the nation,” the president said. 

President Park outlined three roles that the centers should take on: become a place where new ideas, technologies and capital investment are shared freely among start-ups; be a platform that allows both businesses and academia to cooperate to innovate and grow local economies; and, lastly, to be a stepping stone to creating more jobs for young people. 

Following the festival, President Park oversaw a brief ceremony where corporations agreed to invest in the Centers for a Creative Economy and Innovation. “I hope that those who start their own business here will become new leaders, to drive the nation’s economy, to thrive in their chosen industry and also create more jobs,” the president said. 

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