Showing posts sorted by relevance for query Creative Economy. Sort by date Show all posts
Showing posts sorted by relevance for query Creative Economy. Sort by date Show all posts

Thursday, October 23, 2014

ITU Plenipotentiary in Busan (1): President Park Geun-hye's address

Earlier this week, on the opening day of the ITU Plenipotentiary in Busan, I sat in my office at SUNY Korea, here in the Songdo Global University Campus and watched the live internet feed of President Park Geun-hye's address at the opening ceremony.  The video included with this post summarizes a few of the points President Park emphasized, but the full text of her speech, and a video with simultaneous translation are available at this link.   The following excerpts from the ITU's English translation of her speech are also important. She noted that "Telecommunications and ICT has been catalytic in the rapid development of the Internet and mobile communications. This brought about great changes and made it possible to share knowledge in all areas of human lives including politics, economy, society and culture. More recently, with the Internet of Things, interconnectedness, and Big Data analytics are precipitating the convergence of technology and industries. We, thus, have reached an inflection point in the hyper-connected digital revolution – a revolution defined by 'increased connection, smarter connection, and faster connection.'" Later, the President referred to technical and policy challenges, stating that "The rapid growth and diffusion of telecommunications and ICT and the creation of diverse ecosystems will make it necessary to mediate the different interests of multiple parties in order to develop technological standards and international rules that govern order in cyberspace. In order to address this challenge, governments must forge stronger partnerships with the private sector and build a more open and flexible framework for decision-making." Then, with reference to the digital divide, which she referred to as the ICT gap, she said "I propose that the international community commit itself to narrow this global ICT gap so that telecommunications and ICT can serve to improve human rights and welfare for all mankind, irrespective of region, country, gender or class." After noting Korea's low level of telephone penetration in 1980, she suggested that "To lead the hyper-connected digital revolution, Korea plans to build a nation-wide Giga Internet Network by 2017. We also are focusing on technological development and infrastructure upgrade with the aim of being the first country to launch commercial 5th generation mobile communication services in 2020. The high-speed network is the basis for pursuing our Creative Economy strategy, which aims to transform our economic paradigm from being a fast follower to a first mover. The hyper-connected digital revolution is in essence the convergence of and innovation in industry, technology and culture through ICT. The driver of such convergence and innovation is the imagination and creativity of individual people. The Creative Economy is an economy where the imagination and creativity of individuals are fully leveraged to drive convergence and innovation and to create new added value as well as jobs." President Park also stressed that "Korea is ready to share its experience of growth through ICT. I believe Korea's experience in building its broadband network, e-government, and Creative Economy will provide useful references in formulating national ICT policies."

Monday, January 27, 2014

President Park Geun-hye in Davos on the creative economy

President Park Geun-hye addressed corporate and political leaders last week at the World Economic Forum in Davos.  The theme of her speech, delivered in English, was the creative economy and its relationship to entrepreneurship.  The 3-4 minute segment that I've selected for this post represents her latest public articulation of the nature of the creative economy and its relationship to entrepreneurship and sustainable economic growth.   The full speech is available on the WEF site, YouTube and in other places.  For those of you who don't have time to view the entire speech, I would highly recommend this segment.

Saturday, March 11, 2017

President Park's impeachment and the future ICT policy in Korea

Yesterday Korea's constitutional court upheld the impeachment of President Park Geun-hye.  Consequently, she was immediately removed from office and a snap presidential election will be held on or before May 9.
As readers of this blog will know very well, I've frequently commented on former President Park's background and her signature creative economy initiative. (For example, see these posts, and these)
The events leading to the impeachment and removal from office of President Park Geun-hye came as a surprise to me, despite the years I've lived in Korea. The situation is more complex than it may appear from mainstream news media reporting.  Former President Park did indeed major in electrical engineering at Sogang University, which helps to understand her creative economy emphasis.
As close observers of Korea well know, every presidential election is followed by a reorganization of the nation's leading ministries.  Sometimes these reorganizations are minor and sometimes sweeping, as when President Lee Myung Bak assumed office in 2008.  Further complicating matters for international observers is the re-naming of ministries along with the challenge of translating the ministry name into English.  I did a series of posts on this matter following Park Geun-hye's election as president.
The danger that the incoming administration faces, following the snap elections which will take place within 60 days, is "throwing the baby out with the bathwater," to use an old English expression.  In fact, Korea's "Future Ministry," named the Ministry of Science, ICT and Future Planning in English, has done a number of worthwhile things, including the establishment of 18 Centers for Creative Economy and Innovation (CCEIs) throughout Korea.  More importantly, it brought the former Ministry of Science and Technology under one roof with the Ministry of Information and Communications.  After all, the main technology driving changes in the world today is digital technology, allowing dramatic increases in the human ability to store, compute and communicate information on a global or even inter planetary scale.
Given the rapid pace of digital development, globally and in Korea it would seem that the incoming administration might be well advised to keep those elements of the Park Geun-hye administration policies that are realistic and forward looking, and avoid the temptation to throw everything out and start again.  This is especially crucial given the widespread recognition that Korea needs to make the transition from heavy reliance on hardware manufacturing and export to software and services.

Monday, September 30, 2013

Future Ministry launches new "Creative Economy Town" website

The Ministry of Science, ICT and Future Planning has just launched a new "Creative Economy Town" website, as reported by The Korea Herald and other media.  The site, at www.creativekorea.or.kr is aimed at helping people with advice and information on how to flesh out their ideas and technologies into a business.  To date, the site is only available in the Korean language, but it looks interesting.  It definitely appears to be a step, here in Korea, toward open innovation through sharing in the Korean language.  Ultimately, how it relates to similar efforts in English and other languages will be interesting.

Wednesday, April 8, 2015

The K-ICT strategy to realize the creative economy

On March 24 the powerful Ministry of Science, ICT and Future Planning (MSIP) released its K-ICT strategy, providing a vision for how this nation intends to transform itself into a "creative economy," the central policy initiative of the Park Geun-hye administration.  I have not yet seen a full English translation of the announcement of the K-ICT strategy, but readers can access the Korean press release using this hyperlink.  The video accompanying this post provides a quick overview of some of the high points in the strategy.  If anyone ever doubted the ambitious nature of Korea's goals for its ICT sector and the role of that sector in future economic growth, this new five-year strategy or "roadmap" should put those doubts to rest.  While the MSIP announcement clarifies the size of this country's investment and the main economic and industry sectors that are involved, it also raises some questions.  For example, the strategy includes a plan to demonstrate 5G mobile technology at the Pyeongchang Winter Olympics, scheduled for less than three years from now. The success of such an effort depends on progress toward internationally agreed standards for 5G and whether that will occur in time for Pyeongchang is open to question.  Furthermore, one can argue that the real impact of 5G mobile communication will have more to do with the sort of content, applications and services that can be displayed.  Here Samsung Electronics, which just signed a major domestic sponsorship deal with the Pyeongchang organizing committee, and is a leading TOP sponsor of the Olympics globally, should take note.  During the last Winter Olympics in Sochi, Samsung distributed thousands of Galaxy Note 3 devices to Olympic athletes and other member of the Olympic family.  While a similar effort with next generation mobile devices will no doubt be part of the plan for Pyeongchang, Samsung may miss a golden opportunity if it does not simultaneously release an array of  applications targeted at the international visitors who will come to Korea before, during and after the 2018 Winter Olympic games and the global television audience. The time to develop and market such apps is now, not in 2018.

Tuesday, March 19, 2013

More on the mega-ministry (미래창조과학부)

As promised, this post contains some additional details on the new mega-ministry which is being called the Ministry of Future Planning and Science in many English papers (미래부 or "Future Ministry" is the shorthand reference being used in the Korean press). The following details come from an article in yesterday's Joongang Daily (Korean language) and another that appeared in The Korea Times today.

  • The new Ministry will be very large, and is referred to as "mammoth," with more than 800 staff members at the start, about 300 of whom will be transferred from the Korea Communications Commission and another 250 from the current Ministry of Education, Science and Technology.
  • The "Future Ministry" will have two Vice-Ministers.  One will oversee future planning research and science and technology policy.  The second will be in charge of broadcasting-telecommunications convergence, frequency allocation strategies, telecommunications policy and  broadcasting promotion strategy. 
  • It will have responsibility for the allocation of approximately 17 trillion Korean (over 15 billion U.S. dollars) won in national research and development funding.  This was formerly controlled by the Presidential National Science and Technology Council which is being abolished.
  • It is envisioned as a giant engine to foster the creative economy promised by President Park Geun-hye by fostering contents--platforms--networks--devices (CPNT) and promoting the ICT industry. Notably, it brings the ICT policy responsibilities that had been scattered among several ministries back into one place, with the exception of telecommunications regulation by the KCC.
  • Key responsibilities that were formerly under the Ministry of Culture, Sport and Tourism are being transferred to the Future Ministry.  These include promoting the circulation of high quality, authentic digital contents, core technology development, database industry development, growth projects for SMEs and the digital contents platforms business.

As noted in The Korea Times, "In her inaugural address on Feb. 25, Park defined a creative economy as the convergence of science and technology with industry, a fusion of culture with industry and the blossoming of creativity across industry sector borders."

Saturday, July 27, 2013

Invitation to a World Technopolis Association international conference in September

A few weeks ago I received an invitation to give a panel speech at the forthcoming Preparatory Conference for the Daejeon Global Innovation Forum, a meeting to be held on September 25 and 26 in Daejon.  It is being organized by Daejeon Metropolitan City, the World Technopolis Association and UNESCO.  My panel session is on the topic of "innovation clusters in the creative economy."   The invitation is most interesting to me for several reasons.  One is that I did my graduate work at Stanford where Silicon Valley grew up alongside and in interaction with the university.  Another, of course, is that the Daedok Innopolis is far and away South Korea's largest and leading technopolis, and is about to become even as it forms the center of a much larger "global science belt."  I was fortunate to visit the Daejon Expo twice back in 1993, and that event gave a measurable impetus to the development of Daejon and the Daedok Innopolis as Korea's premier science city.   It is a welcome opportunity to do some reading and reflection on the role of urban technology clusters in fostering the "creative economy" that is a central goal of the Park Geun-hye administration.

Friday, July 5, 2013

Slim smartphones, IT exports, and the creative economy

As noted in this blog and in many of my other publications, South Korea leads the world in exports of smartphones, flat screen television sets and semiconductor memory chips.   However, the release by a Chinese company, Huawei, is a sharp reminder that all this may be about to change.  The new phone (click on the photo to see a full-size picture) is only 6.18 mm thick, compared with the iPhone 5 at 7.6 mm and 7.9 mm for Samsung's Galaxy S4.
About a month ago, most of the local and international media took note that South Korea's exports had unexpectedly increased in May, on the strength of smartphone sales.   Actually, as the accompanying graphic (click for a full size version) from the press release by the
Ministry of Trade, Industry and Energy on "IT Trade Figures for May," makes clear, it was not only smartphone exports that did well.  Exports of semiconductors and televisions also showed healthy increases.  The decline in exports of display panels is no doubt related to the decline in the global market for desktop computers, reflected in the graphic under "Computers and Related Devices."  South Korea's export strength in mobile phones, semiconductors and television sets is a trend that has developed over quite a number of years now.
What do the above developments have to do with the "creative economy" proposed by President Park Geun-hye?   Simply that hardware manufacturing, even high-end smart phones, involves products that are modular and rather quickly become commoditized.  China is moving rapidly into that space in the global market, which puts pressure on South Korea to develop strength in software, services and content, rather than continuing to rely on hardware exports.   The pressure is real, especially if we consider the future of manufacturing.
The whole question of how software relates to manufacturing is also worthy of consideration in this age of relatively inexpensive 3-D printers.  I showed my KAIST students a video of the gun that had been printed and successfully fired by the student in Texas.   However, as research by the Center for Bits and Atoms at MIT shows, we are moving toward the era in which it may be possible to manufacture many things on the spot, starting at the atomic level.  Not long ago this would have been thought of as pure Star Trek science fiction.