Saudi Security forces arrest 21,485 illegals in a week    Alswaha: Saudi participation at WEF strengthens global efforts in advancing innovation and AI technologies    Haram Presidency official: Never used backup electricity at Grand Mosque since 40 years    FM Prince Faisal to lead Saudi delegation attending Davos World Economic Forum Annual Meeting 2025    Mozambique's President appoints new Cabinet with woman as prime minister    Future Minerals Forum sees signing of 126 agreements worth SR107 billion    TikTok to suspend access in the US as ban looms    Palestinian prisoners' release lists to be published daily during Gaza ceasefire    Two senior Iranian judges killed in shooting outside Supreme Court in Tehran    Lebanon's PM-designate Salam promises swift government formation    Sir Anthony Hopkins mesmerizes Riyadh with his first live musical performance 'Life Is A Dream'    Acting legend Dame Joan Plowright dies at 95    Trump appoints Mel Gibson, Sylvester Stallone and Jon Voight as 'special envoys' to Hollywood    Yazeed Al-Rajhi wins Dakar Rally 2025: A historic first for Saudi Arabia    David Lynch, director of 'Twin Peaks' and 'Mulholland Drive', dead at 78    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Al Ittihad secure 4-1 victory over Al Raed to maintain pressure on Al Hilal in RSL title race    Marcos Leonardo shines with hat-trick as Al Hilal thrash Al Fateh 9-0 to equal RSL record    Saudi Arabia, Turkey hold second round of political consultations    Dar Al Arkan and Trump Organization: A decade of redefining Gulf luxury    Saudi's first pro boxer Ziyad Almaayouf set for monumental Riyadh return during Riyadh Season    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    









KSA plans center modeled on Korea's creative economy concept
Published in The Saudi Gazette on 09 - 11 - 2015

[gallery td_select_gallery_slide="slide" size="medium" td_gallery_title_input="KSA plans center modeled on Korea's creative economy concept" ids="12632,12630,12631"]

Shams Ahsan
SEOUL — It looks like a modern-day library with people glued to their laptop screens in a big hall. There are glass cubicles where groups of people are engaged in animated discussions. The first floor looks more occupied but not even a decibel of noise is allowed so that people busy at work are not disturbed.
This is the Creative Economy Center of the South Korean government's Ministry of Science, ICT and Future Planning. The people busy on their laptops are prospective businessmen with innovative ideas. The cubicles are the places where these prospective businessmen with innovative ideas engage in discussion with financiers, conglomerate representatives and others to sell their dreams.
The first floor is occupied by those whose ideas have already crossed the first hurdle of selection.
There are a number of banners put up across the hall, showing the innovative business ideas which have won government approval. There are banners about innovative apps, self-diagnosis medical devices, an air de-humidifier which can be easily de-assembled for cleaning, etc.
"This is a new economic concept," Koh, Kyeongmo, director general of the Creative Economy Policy Department at the Ministry of Science, ICT and Future Planning, told Saudi Gazette.
The Creative Economy Policy department was launched in 2013 to help startups and create more jobs.
"We work on three models: Training and education, supporting startups, and exchange program," he said during an interview at the department's headquarters.
He said a similar concept has been successfully adopted in Silicon Valley in the US and in Factory Berlin.
Based on the creative economy concept, Korea's largest telecom company SK Telecom signed in March this year an MoU with Saudi Telecom Company (STC) to collaborate on the development of innovation potential in the Kingdom and to explore business opportunities in Saudi Arabia in particular and the Arab region in general in areas, such as digital healthcare, education, smart cities, smart learning, IoT, Lifeware (life+hardware/software) and BEMS (Building Energy Management System).
Saudi Arabia is also planning a center modeled on the concept of the Creative Economic Innovation Center in Daejeon, which was jointly established by SK Group and the Korean government to support the growth of startups and SMEs in line with the Korean Government's Creative Economy philosophy.
"We are looking for innovation cooperation ties with the Mideast," said Koh, whose department receives on an average 99 innovative business ideas a month.
Most of these ideas are related to IT, IoT, gaming and agriculture, Koh told Saudi Gazette.
The Creative Economy Center is now developing a 5G infrastructure. The MoU between SK Telecom and STC marks the first time a Korean model for economic revitalization has been transfered to another country, opening the doors for valuable opportunities in the Middle Eastern market for new digital/ICT-based growth businesses, including smart cities, healthcare and smart learning.


Clic here to read the story from its source.