Browse > Article
http://dx.doi.org/10.7472/jksii.2014.15.4.67

A Study of Smart Convergence Strategies for Enhancing a Creative Economy: Lessons from Korea  

Kim, Yong-Beom (Korea Polytechnic University (KPU))
Kwak, Jeongho (Korea Information Communication Industry Institute(KICI))
Publication Information
Journal of Internet Computing and Services / v.15, no.4, 2014 , pp. 67-79 More about this Journal
Abstract
One of the core policies recently implemented by the Korean government is the introduction of a creative economy, a concept that integrates ICT with the existing economic structure in order to create new growth factors and jobs. In June of 2013, the National Assembly passed a bill for the institutional practice of a creative economy. The concept of a creative economy is to integrate industries centered on ICT in order to form a new-concept industry paradigm that creates new values and services that exceed past industrial categories. In other words, smart convergence, which integrates ICT with various industries, is evaluated as a core factor for boosting the creative economy. Thus, based on the definition of 'smart convergence', this study predicted the economic effects and sociocultural changes that will ensue due to the future era of smart convergence. Also, this study proposes policies for enhancing the creative economy in various ways. More specifically, in-depth interviews with convergence industry experts were carried out and quantitative analyses were performed employing a Solow Model. Furthermore, as a means to revitalize the creative economy, this study underscores the significance of the preemptive institutionalization of legislations and suggests several policy proposals regarding smart convergence rooted in market supply and the demand chain, smart convergence through selective focus, and smart work. This study is differentiated from previous studies that have only focused in establishing theories in that it offers quantitative research with a consideration of the feasibility of proposed policies. The leading experience of Korea regarding smart convergence can provide important lessons to other countries that hope to promote a creative economy as a means to create new growth factors and jobs.
Keywords
Smart Convergence; ICT Ecosystem; Creative Economy; ICT Policy;
Citations & Related Records
연도 인용수 순위
  • Reference
1 J. Gutierrez, M. Naeve, E. Callaway, M. Bourgeois, V. Mitter, and B. Heile, "IEEE 802.15.4: a developing standard for low-power low-cost wireless personal area networks," IEEE Network, Vol. 15, no. 5, Sept. 2001, pp. 12-19.
2 Han, Sungsoo et al. New ICT Service Development Condition & Evolving Direction, ETRI, An outlook on the condition of Present ICT Service and Market, 2010
3 Lee, Junghoon Korean Creative Economy and Strong nation on Employment, Kyunggi Development Institute, Issues & diagnosis, 2011.
4 Choi, Joonkyun An outlook on the Future Trends of ICT Convergence and Development, Collection of papers of Academic Conferences for Information and Control, 2013.
5 OECD, "Economic Survets KOREA", 2012.
6 Park, Kyunghye Strengthening the new industrial potential of the Korean IT Convergence, Digital Policy Research, Korean Academy for Digital Policy, 2012.
7 Korea Communications Commission, Development Plan(scheme) of User based Smart Network, 2012.
8 J. Hawkins,Creative Economy, 2001.
9 Lee, Sunghoon, Lee, Dongwoo, Smart Convergence: Green City Trends and Future, Korean Academy for Digital Policy, Digital Policy Research, 2012.
10 Choi, Kyeyoung et al. The Change of ICT Paradigm and Mid and Long-term Policy Task, KISDI, Premium Report, 2012.
11 Shin, Yongjin et al, The Provisioning of the U-City Service based on the Cloud Computing, Collection of papers of The Korean Academy for the Information Technology, 2009.
12 LG CNS, "Smart Technology", 2010.
13 Jeremy Rifkin , Third Industrial Revolution, 2012.
14 UNCTAD, Creative Economy Report, 2010.
15 Kang, Changdeok The Political Implication and Industry Linked Characteristics of the Korean ICT Cluster based on the Industry Linkage Table, KRIHS, Land Research, 2002.
16 Shin, Hocheol Blueprint of Europe and Future ICT Industry, Digital Agenda Announcement, KISDI, Broadcasting and Communication Policy, 2010.
17 Rosenberg, N., "Technology Change in the Machine Tool Industry", Journal of Economic History, Vol. 23, No. 4, pp.414-443, 1963.   DOI
18 Weaver, B., "Industry Convergence", the 19th NFF Conference, 2007.
19 Kim, Deokhyun et al. Convergence Management, Geuloseum, 2011.
20 Hwang, Joonho Government Role for the Promotion of the Contents Industry in Smart Convergence Era, KISDI Premium Report, 2012.
21 Lee, Junghoon, Kim, Eulsick, Korean Creative Economy and Strong nation on Employment, Kyunggi Development Institute, Trends & Research Reports, 2011.
22 Kvale, "InterViews - An introduction to qualitative research interviewing", Thousand Oaks, CA: Sage, 1996.
23 Fransman, M., "The New ICT Ecosystem: Implication for Policy and Regulation", CAMBRIDGE University Press, 2009.
24 Schumpeter, J. A., "The theory of economic development", Oxford University Press, 3rd. ed., 1969.
25 Creswell, JW, "Research Design: Qualitative, Quantitative, and Mixed Methods Approaches", Sage Publications, 2003.