The two leaders acknowledged the importance of creativity, innovation, science and technology in the memoranda of understanding (MOUs) and President Park agreed to share strategies and policies related to Korea's creative economy agenda. Regarding the creative economy initiative, the two sides decided to collaborate on supporting innovative start-up companies and promoting the commercialization of technologies and joint research projects, in order to develop as knowledge-based societies. They also agreed to promote cooperation between the businesses and institutions of both countries. In addition, the two sides agreed to cooperate on developing smart devices including robots and smartphone app education projects

http://www.korea.net/NewsFocus/Policies/view?articleId=127165