Kang Seongju, Director-General of the Ministry of Science, ICT & Future Planning (MSIP) gave a speech on “the creative economy with science and ICT” at the Information Professional Association of Korea (IPAK) seminar held at the JW Marriot Hotel in Seoul. "Economic development in conjunction with the convergence of science and ICT is necessary to achieve the realization of the creative economy,” Kang said.

He went on to say that, “It is expected that by 2017 more than 400,000 jobs will be created by pursuing the knowledge-economy eco-system. The core of the knowledge economy lies in the creation of new markets and strengthening existing industries, which will be made possible by taking full advantage of imagination, creativity, science, and ICT. To allow individual ideas to blossom into businesses with greater ease, the government plans to support colleges’ startups and incubating R&D. On top of this, MSIP is expected to vitalise the TLO (Technology Licensing Office) which aims to boost technology transfer from SMEs to colleges.” Reports Korea IT Times.

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