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Korea, France to strengthen cooperation in creative industry Updated: 2013-11-05 06:28:07 KST

 Korea, France to strengthen cooperation in creative industry
President Park arrived in London Monday night and will start her official schedule by meeting with Queen Elizabeth on Tuesday.
She is also scheduled to attend a groundbreaking ceremony for a Korean War veterans memorial, with this year marking the 60th anniversary of the armistice between the two Koreas.
Earlier in the day in Paris, President Park held bilateral talks with French President Francois Hollande.
Topping the summit agenda was strengthening cooperation in the so-called "creative industry".
In particular, the two leaders agreed to quickly sign a deal for a joint project between Korea's LG Chemical and French car manufacturer Renualt to develop an electric vehicle that could run up to 4-hundred kilometers when fully charged.
Currently, the electric car batteries supplied by LG Chemical to Renault can run up to 2-hundred kilometers.
Another sector of cooperation is in finance.
Presidents Park and Hollande promised to cooperate in providing financial and insurance support to Korean and French companies when carrying out joint projects in third markets, such as Africa and the Middle East.
A total of four MOUs have been signed with that in mind during President Park's stay in Paris.
To strengthen the cooperative network for businessmen in both countries, the two sides also agreed to simplify the process of visa issuance.
It currently takes about three months for a businessman to get a visa, but the two countries now aim to reduce this period to one month by the year 2014.
President Park's push for a creative economy was also highlighted, earlier in the day, during a meeting with Korean and French businessmen on Monday.


"I believe there should be more interest and effort from the two countries' businessmen in three sectors -- the futures industry, the cultural industry and small- and mid-sized companies. This is where the most potential lies in bilateral cooperation for a creative economy."

President Park made her speech in French in an effort to better relate to the French businessmen and emphasize her personal ties with France, the country she came to study in at the age of 22.
The president stressed the world should more actively overcome the issues it faces, such as the energy and resources shortage and climate change, through science and technology.
Eoh Jin-joo, Arirang News, London.
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