This paper deals with the political implications related to entrepreneurship in cultural industry as one of the schemes to improve the industry in Korea, which has got a poor economic performance. Some of the elements that affects demands and supplies...
This paper deals with the political implications related to entrepreneurship in cultural industry as one of the schemes to improve the industry in Korea, which has got a poor economic performance. Some of the elements that affects demands and supplies of entrepreneurship in the market are studied to evaluate the political environment around the Korean cultural industry.
Considering the policies implemented to the cultural industry for the past 10 years, they have helped domestic firms and markets with lots of institutional tools and public funds. However, most policies shows no distinction separate cultural industry from other industries based on the structural properties of cultural industry. This study emphasizes the policies necessary to strengthen the competitiveness of micro production enterprises which have shown dynamic growth in employment and the number of firms in the past. Nextly, the policy that may activate the cultural entrepreneurship among the Korean firms for their future competitiveness would be needed. Three issues may be provided on demand factors for entrepreneurship in the industry: intellectual property rights, cultural distribution environment, public subsidy. For supply factors, the education programs in universities and others, the retraining programs may be established for preliminary producers and the employers in creative firms.