'Global K-Culture Economy Forum' Launched to Support Culture-Finance Cooperation

Kim Jeongseob Appointed as First Chairman

K-Culture Expert Takes the Lead

The Global K-Culture Economy Forum (hereinafter referred to as GKCEF), a public-private-industry-academia collaboration platform designed to systematically support the activation and sustainable growth of K-culture by connecting the fields of culture, arts, economy, and finance, was launched on May 6.

GKCEF positions itself as the first cultural-financial convergence strategy group in Korea, aiming to develop investment policies and systems tailored to the realities of the arts and industry by facilitating cooperation between experts in culture, arts, and finance to foster the K-content and K-platform industries.

The founding committee, led by Kim Jeongseob, Professor of Cultural Industry and Arts at Sungshin Women's University and the first chairman, consists of about 20 members. Professor Kim is an expert in K-culture and previously served as a policy advisor for the National Planning Committee.

The executive committee is co-chaired by Kim Woohyung, CEO of Aion Asset Management, and Seo Kyungran, Head of the Economic Research Institute at IBK Industrial Bank of Korea. Honorary chairman and advisors include actor and PMC Production Artistic Director Song Seungwhan, Kim Kwangsoo, advisor at Yulchon LLC, and Kim Kiyoung, adjunct professor at the Seoul National University School of Law.

GKCEF plans to implement various programs such as operating a global growth and financial innovation working group for K-culture, hosting global cooperation and Big Speaker conferences, announcing strategies to improve the efficiency of cultural administration and policies as well as diversify investment policies, and running camps to nurture cultural finance experts. The forum also intends to continue recruiting new members.

Kim Jeongseop, Founding President of Global K-Culture Economy Forum

Chairman Kim stated, "There was consensus that in order for K-culture to secure self-sufficiency and sustainability, it is necessary to establish an innovative cultural finance system to support it, which led to the launch of the forum." He added, "Korea's cultural budget is insufficient even for fostering basic arts and sports. Furthermore, the domestic content and platform industries are struggling to overcome stagnation due to a lack of investment capacity, underdeveloped investment systems, and the accelerating dependence on big tech companies. Therefore, a fundamental solution is urgently needed."

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