Zuckerberg to Increase Investment in Korea by Expanding the Office and Cooperating with Small Companies

President Park Geun-hye met with Facebook CEO Mark Zuckerberg on Tuesday, the latest in a series of meetings with chiefs of global information technology giants aimed at seeking advice for her "creative economy" vision.

Zuckerberg arrived Monday for a visit that reportedly also includes meetings with Samsung Electronics Vice Chairman Lee Jay-yong to discuss ways to enhance cooperation between the world's largest social networking service firm and the world's biggest technology manufacturer.

During the meeting with Park, Zuckerberg said that South Korea is an important market for Facebook and its investment in the Asian country will continue. He also said he will study ways to cooperate on her "creative economy" vision, the presidential office said in a statement.

One of Park's economic policy pillars, the vision calls for creating new business opportunities, industries and jobs through the fusion of information and communication technology, culture and other realms.

Park has championed the policy, saying the conventional pattern of growth has its limits.

Since taking office, Park had similar meetings with global IT giant leaders to seek their advice on the policy. In April, she had meetings with Microsoft founder Bill Gates and Google founder Larry Page.


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Source: Yonhap News (June 18, 2013)

** This article was translated from the Korean.