Strenghtening The Creative Industries For Development In The Republic Of Korea Creative Economy Team by Creative Economy Team instant download after payment.

The Republic of Korea has experienced rapid economic growth over the last 50 years. It is said that
Korea has reached the limits of its 'catch-up type strategy', which had driven economic growth in the
past, due to global economic crises and the emergence of newly industrializing economies. The
world is changing from factor-driven economies, to knowledge and creative economies. The latter
relies on innovation, technology and creative ideas.
Korea's economic management paradigm also arose as pursuit-type growth through imitation and
application, and the government is now working to switch the Korean economic paradigm to that of
the leading-type growth founded on Korean creativity. In order to achieve it, a creative economy
was set as a major policy agenda by the Korean government in 2013. According to the definition of
the creative economy by the Korean government, the creative economy is a new economic strategy
that makes new industries and markets by integrating/aligning imagination and creativity to science,
technology and ICT and creates decent jobs by reinforcing traditional industries. Korea has topped
the EU Innovation Union Scoreboard Index for three consecutive years (2014-2016) with Korean
creative economy being highly recognized by the global community. Also, for the last four years
(2014-2017), the Republic of Korea has ranked first according to the Bloomberg Innovation Index.
The country also raked second as the most innovative Asian country and 11th overall globally, and
maintains its top positions in patenting and other intellectual property-related markers, according to
the Global Innovation Index 2017 (GII) by INSEAD, Cornell University and the World Intellectual
Property Organization (WIPO).