Detailed Plans for Nurturing High Value Added Services Contact Information Embargo Release Date

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The Korean government unveiled 200 detailed plans for the 17 industries it designated last January as new growth engines, which will receive 24.5 trillion won fiscal support between 2009 and 2013.

<17 new growth engines>

Green Technologies Converged Industries High Value Added Services 1. New renewable energy

2. Energy with low carbon emissions 3. Sophisticated water

treatment 4. LED application

5. Green transportation system

6. New green cities (environment-friendly cities)

7. Converged industries of broadcasting and communications 8. Converged IT systems 9. Robot application 10. New materials /

nanoscience

11. Biopharmaceutics / medical appliances 12. High valued added

food industry

13. Health care 14. Education

15. Finances related to the environment 16. Content and software 17. Tourism including

MICE (Meeting, Incentives,

Convention, and Events)*

*Tourism targeting large groups of foreigners attending international meetings, conventions and events, and enjoying tours offered as incentives to company workers.

The high value added services were first included in Korea’s new growth engines, and plans to nurture them were revealed.

Principal policies for the high value added services

1. The government will revise laws to facilitate expanding markets and growing enterprises.

2. The government will create an environment which promotes the birth of new converged services.

3. Korea will focus on raising global competitiveness by developing core technologies,

achieving international standards, and nurturing talents.

4. The government support for exporters of these high value added services will be complete and all encompassing.

Detailed plans for the high value added services

Health care - To give hospitals national approval on the basis of global standards

- To issue exclusive visas for foreign patients

- To found a legal basis for ubiquitous medical service

Education - To revise regulations and attract renowned foreign educational institutions

- To promote ubiquitous learning by developing content and changing regulations

- To Export Korea’s curricula and educational professionals in line with ODA (Official Development Assistance)

Finances related to the environment (green finance)

- To establish and test-run a carbon emissions trading center - To provide green industries with loans with more favorable conditions, and promote setting up environment-related funds - To educate green finance specialists

- To issue certifications for green enterprises Content / software - To finance content exporters

- To develop core software, and commercialize converged software

- To help software enterprises expand markets overseas MICE / converged tourism - To offer cross-ministerial support for MICE

- To build facilities for MICE, and plan international conferences and exhibitions

- To issue certifications for ecological tourism, and build complexes for performances