S. Korea, France agree to cooperate on creative economy

South Korean Prime Minister Hwang Kyo-ahn and his French counterpart, Manuel Valls, have agreed to cooperate to improve the creative economies of the two countries.
 
The two leaders said Seoul and Paris will come up with specific measures for bilateral cooperation on the creative economy, as well as action plans for cooperation in each sector.
 
The agreement was reached during their meeting at the Hotel Matignon, the French prime minister's official residence, on Thursday.
 
The two leaders explained each other's creative economy efforts.
 
Hwang said South Korea supports innovative business startups as it is seeking to lower the unemployment rate of young adults.
 
South Korean President Park Geun-hye has been pushing for her flagship policy, dubbed the creative economy, which is based on taking creative ideas and turning them into real businesses utilizing science, technology and information technology, in order to boost the economy and create jobs.
 
South Korea has set up 17 innovation centers across the country to match up local startups and venture firms with conglomerates, which can provide resources to smaller companies so that they can turn creative ideas into real businesses. (Yonhap)