In order to achieve sustainable and inclusive growth, President Park said that the world needs a “paradigm shift,” not merely piecemeal adjustments to macroeconomic policies or labor policies under the existing paradigm. “What we need now—and need urgently—is an engine that takes us beyond these constraints, one that transforms the existing order and helps reshape the world. Korea is seeking that engine in the creative economy,” said the president.
Since the industrial revolution, the president said, the wealth and happiness of nations and of individuals has been marked by a material divide which has recently morphed into a digital divide. She explained that creative industries seek to tap into the natural genius of the human spirit, unlike existing industrial industries which focus on extracting resources from the ground.