President Moon Declares "Renaissance Era of Korean Content" (Comprehensive)

Visiting Online Performance Venue 'Camp One' as Part of Digital New Deal Efforts... Post-Corona Era, South Korea's Future Blueprint

[Asia Economy Reporter Ryu Jeong-min] "Today, I want to declare the post-COVID era and the Renaissance era of Korean content together with the people."

On the afternoon of the 24th, President Moon Jae-in visited 'Camp One,' a private online performance venue in Gimpo, Gyeonggi Province, and presided over the 'Digital New Deal Cultural Content Industry Strategy Report Meeting.'

President Moon said, "It is a golden opportunity to enhance the competitiveness of the digital content industry by combining our digital capabilities with cultural capabilities represented by Hallyu," emphasizing, "It is time to lead a warm digital era together with our inclusiveness that puts people first."

[Image source=Yonhap News]

This event is the fifth on-site visit related to the Korean New Deal following the comprehensive plan announcement on July 14, including ▲Data Dam (June 18) ▲Green Energy, Offshore Wind Power (July 17) ▲Green Smart School (August 18) ▲Smart Green Industrial Complex (September 17).

The Blue House explained, "This event was organized to review the achievements of the three major innovation strategies for the content industry announced last year, assess the impact and support for damages caused by COVID-19 on the content industry, and actively respond to the changed market (increased demand for non-face-to-face content) linked to the Digital New Deal, thereby promoting the potential and scalability of the content industry."

The venue, Camp One, has transformed from a pre-concert rehearsal space into a non-face-to-face content production studio, turning the crisis faced by the content industry due to non-face-to-face situations into an opportunity. K-POP non-face-to-face content is produced using XR (Extended Reality), VR (Virtual Reality) technologies, and although a 30% rental rate was expected during the initial setup, currently, reservation schedules are closing early.

[Image source=Yonhap News]

The event proceeded in the order of immersive content opening, Ministry of Culture, Sports and Tourism minister’s strategic report, and presentations of 'Content Industry Innovation Best Practices' by SM Entertainment and KakaoPage.

President Moon said, "Korea's soft power capabilities have grown globally. BTS topping the Billboard charts for two consecutive weeks and the film ‘Parasite’ winning awards at the Cannes Film Festival and the Academy Awards are by no means coincidences," explaining, "Not only K-pop, K-movies, and K-dramas, but also webtoons, games, broadcasting, and animation are experiencing high popularity in the global market. Hallyu has expanded beyond Asia to the United States and Europe, and the global Hallyu fan base has exceeded 100 million."

President Moon pledged, "We will help small and medium-sized agencies hold K-pop online concerts and actively communicate with global fans by expanding infrastructure such as online-only performance venues."

President Moon stated, "We will activate investment in the digital content sector through the ‘Korean New Deal Fund’ and support the development of immersive cultural and artistic service technologies," adding, "We will accelerate the development of next-generation music, movies, animation, and webtoons. Through this, we will establish a foundation for innovative venture companies and small and medium-sized enterprises developing digital content technologies to grow together."

This content was produced with the assistance of AI translation services.