SEOUL, Dec. 30 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning announced Thursday some of the most successful ventures by startups and SMEs funded or supported by the Center for Creative Economy & Innovation. One of the companies introduced was 247 Korea, which manufactures a self-protection smartphone case that can automatically send [...]
SEOUL, Sept. 28 (Korea Bizwire) – Nearly 30 billion won (US$27 million) in revenue was generated from an online platform to commercialize creative ideas in the past three years, the science ministry said Wednesday. In September 2013, the government launched the website, “creative economy town,” that invites anyone to post and market creative ideas. The [...]
SEOUL, Aug. 26 (Korea Bizwire) – President Park Geun-hye on Friday visited a festival, designed to showcase the outcome of her “creative economy” drive, urging the public and business sectors to step up cooperation in creating jobs and fresh momentum for economic growth. The “Creative Economy Innovation Center Festival” at Seoul’s Hanyang University brought together [...]
SEOUL, Jun. 17 (Korea Bizwire) — As the Ministry of Culture, Sports and Tourism announced that it would compensate a foreign tourist afflicted with the MERS virus in Korea with US$ 3,000, Koreans citizens on SNS are strongly criticizing the government’s policy, saying that the government should firsthand spend its money to stop the virus, [...]
SEOUL, April 25 (Korea Bizwire) — Samsung Electronics, South Korea’s No. 1 tech giant, said Saturday it plans to inject US$5 million into Brazil over the next five years to foster startups there, adding it will also share its business know-how. Under the agreement with the Brazilian Association of Science Parks and Business Incubators, an [...]
Seoul, Mar. 2 (Korea Bizwire) — Samsung Group will develop about 400 ‘smart factories’ in Gyeongsangbuk-do in collaboration with the Gyeongbuk Creative Economy Center, by 2017. The partners will jointly develop fully automated assembly factories based on MES (Manufacturing Execution System) and IoT (Internet Of Things) technologies. These factories will be also equipped with tailored [...]
SEOUL, Jan. 9 (Korea Bizwire) – The Korean government will focus their efforts to promote 270 degree movies, thermoplastics, and fuel cells, according to an announcement from the third public-private meetings of the ‘Creative Economy.’ The meeting was held to draft a plan for a second flagship project. The flagship project concept was initiated by the [...]
![[Feature] Illegal Taxi vs. Creative Economy: “Uber” Controversy Rages on](http://koreabizwire.com/wp/wp-content/uploads/2014/08/10049868_m-800x545.jpg "[Feature] Illegal Taxi vs. Creative Economy: “Uber” Controversy Rages on")
SEOUL, Aug. 7 (Korea Bizwire) – “Uber,” a smartphone app-based private taxi service currently mired in a controversy after the Seoul city government banned the service for passenger safety concerns, will strengthen its presence in Korea. Allen Penn, the head of Hong Kong-based Asia operations for Uber, held a press conference on August 6 and underscored the [...]
Seoul, Korea, August 13 (Korea Bizwire) – The Defense Acquisition Program Administration has established the ‘Defense Robot Project Team’ and the ‘Leading Technology Development Team’ on August 12 to support national programs and realize the goal of the ‘creative economy.’ These new teams were created to contribute to the national economy by reinvigorating the defense industry as a [...]
SEOUL, Korea, July 25 (Korea Bizwire) – A global tech startup support center that would help new ventures seek the global market from the beginning will be established next month. In September this year, a company specializing in startup planning and incubation will be open, followed by an investment fund targeting the software industry by [...]