A Study on the Similarity of Cultural Industry Promotion Strategies — A Study on the Early Stage Policy of Cultural Industry in Korea and China —

Kwon Ki Young

doi:10.18212/cccs.2017..38.001

The paper looked at the characteristics of cultural industry promotion strategies of Korea and China centering on the similarities between the so-called East Asia Development Model. The key function of the policies pursued by the two governments to foster cultural industries in the early stages of the industry was in the ‘ Entrepreneurship role ’ and provided various institutional mechanisms. Furthermore, the policies of the two countries focused on protecting and nurturing the domestic industries, and the foreign regulatory policies pursued in the early stages of the cultural industry played an important role in improving the competitiveness of domestic industries and expanding healthy markets. And the two countries have tried to strengthen competitiveness of the cultural industry by implementing various support policies such as tax breaks, fostering infrastructure and fostering infrastructure for sustainable development, and fostering the competitiveness of industries to enhance competitiveness of industries. In the meantime, the main policy used by the Korea and China governments was finance and public corporations, which was the most powerful way to swiftly develop strategic industries and take the lead in shaping the direction of industrial development in the future. Also, the Korean and Chinese governments have characterized the emergence of export strategies and cluster strategies in the early stages of cultural industries as the main policy direction. In fact, this policy direction was closely related to the national strategy of not only economic and industrial purposes but also national strategies for regional balanced development and strengthening of soft power in the country. The key features of the cultural industry promoted by Korea and China have been found to be in stark contrast to the characteristics of the economic catch-up pursued by East Asian development countries. This means that Korea and China have applied most of the past successful strategic industries policies to cultural industry policies. And it is clear that Korea and China have managed to capitalize on the rapid growth of the cultural industry at least in quantity.

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