Indonesia To Exceed S Korea's Creative Industry Performance

Denpasar, Bali, March 21 (Antara) - Indonesia`s performance in the creative industry can surpass that of South Korea in the coming five years, Industry Minister MS Hidyat stated. "However, to go beyond the performance of South Korea`s creative industrial development, Indonesia needs synergy and concerted efforts by the government, industrial players and other stakeholders to remove barriers such as funding and market access as well as intellectual property rights," MS Hidayat stated during the inauguration of the Denpasar Design Center (DDC) here on Friday. "South Korea`s creative industry is leading in the world but we can catch up with it and step over if the relevant creative sectors help create opportunities," the minister remarked. He explained that funding sources which could not yet be equitably accessed by businesses still constituted unresolved problems for creative industrial players and entrepreneurs in other small and medium-sized businesses (UKM). In the meantime, when he was still a trade minister in January 2014, Gita Wirjawan once disclosed that about 60 percent of UKM in the country were still facing difficulties in having access to funding sources. In 2012, the creative industry contributed 6.69 percent to the Gross Domestic Products (GDP), or worth Rp573 trillion.