The president said that, along with creativity, entrepreneurship is another key to successfully realizing this creative economy vision. “Creativity begets innovative ideas. Entrepreneurship puts innovation into action. Entrepreneurship is what weaves together the beads of creative ideas to create new markets and to build new jobs,” said President Park, while mentioning a Korean proverb that “beads are not considered jewelry unless they are woven together.”
In this respect, she said, “Where businesses fail despite honest and hard work, their credit-worthiness should be restored promptly, so they could try again. We need a climate where entrepreneurs can learn from their failures, bounce back and achieve success.”
President Park called for world leaders to join Korea’s journey toward a creative economy. Mentioning the theme of this year’s forum, “Reshaping the World,” she said that, “The creative economy can offer new opportunities to deal with the diverse challenges that can arise in the course of this transformation.”
President Park said that creativity is non-depletable and that it doesn’t degrade the environment, which therefore unlocks opportunities for sustainable growth. She said that creativity is inherent in all people, regardless of age, class, race or nationality. It therefore holds promise for inclusive growth. “Creative industries offer a path toward resolving the triple pressures of slow growth, high unemployment and income disparities,” said the president.