President Park Geun-hye has said that the Korean government will revitalize the domestic economy by establishing science and technology innovation centers that can realize her administration's vision for the creative economy.
The president was speaking on September 15 at a ceremony to mark the launch of the Daegu Center for Creative Economy & Innovation (CCEI), a start-up incubator. During the speech she said, “The government will use the CCEIs as a catalyst to invigorate the domestic economy.
“The economy will be unable to develop further unless we meet the challenges of the changing world economy. For an economic take off, it is inevitable that we transform the economy into a more innovative economy,” said the president.
Park said that the centers will offer a space for "creativity." She mentioned that founders of world-leading firms such as Apple, Google or Amazon all started their businesses in a small garage or its equivalent. "The government will turn the CCEIs into spaces for firms and talented individuals so that they can communicate and cooperate. The CCEIs will become their 'garage of dreams' where their ideas can be realized and turned into new technologies and products and be developed into new businesses," said the president.