As part of efforts to build the so-called creative economy backed by the Park Geun-hye administration, the government said yesterday it will expand the volume of Korea’s content industry to 120 trillion won ($105 billion) annually by 2017, up from 88 trillion won last year.
“On June 4, we [the Ministry of Culture, Sports, and Tourism] signed a memorandum of understanding with the Ministry of Science, ICT, and Future Planning. Since then, we have worked together to come up with ways to promote the country’s content industry,” said Culture Minister Yoo Jin-ryong. “Both ministries will aim to expand the content market to 120 trillion won by 2017 and reach $10 billion exports and create 80,000 jobs.”
Yoo made his remarks at a joint press briefing in Yeouido, western Seoul, with the future planning ministry and the finance and strategy ministry on boosting Korea’s service industry. Part of the briefing was dedicated to announcing plans on developing the content industry that includes music, games, movies and animation.
For full article, see Joongang Daily.