Research Monograph Empirical Study on the Growth of Korea’s Cultural Content Industry and Policy Implications December 31, 2024
Series No. 2024-02
December 31, 2024
- Summary
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This study conducts a comprehensive analysis of the growth dynamics of South Korea's cultural content industry to enhance its competitiveness and support sustainable development. Employing a multifaceted empirical approach, it examines quantitative metrics―such as the number of businesses, employment levels, revenue, and trade flows―across the industry and its subsectors to identify growth trajectories and structural characteristics (Chapters 3 and 4).
Given the industry's complex interdependence with other sectors, this study combines data from the "Special Classification of the Content Industry" (Statistics Korea, Ministry of Culture, Sports and Tourism), the "Korean Standard Industrial Classification (KSIC)" (Statistics Korea), and the "Input-Output Tables" (Bank of Korea). This integration creates a new input-output table that captures 12 subsectors of the cultural content industry (Chapter 5).
The study uses the new input-output table to examine supply, demand, and input structures to illuminate the industry's economic roles and inter-industry linkages. Key metrics―including total output ratio, import dependency, intermediate input structure, and value-added ratio―are compared with other sectors to highlight the distinctive characteristics (Chapter 6). The study further investigates the sector's effects on the broader economy, calculating coefficients for input, production induction, and sensitivity, assessing the sector's overall impact via inter-industry ties and interactions (Chapter 7).
In recognition that individual businesses drive the industry's growth, this study identifies business growth enablers within the CPND framework (Content, Platform, Network, and Device). They include intellectual property ownership, workforce size, operational tenure, market diversification, and digital infrastructure. This analysis highlights the critical impact of IP rights―especially utility patents and copyrights―on competitiveness and revenue growth (Chapter 8).
Moreover, the study systematically evaluates relevant policies through a descriptive statistical analysis of 149 support programs managed by the Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency (KOCCA), focusing on their primary functions and target groups (Chapter 9). Finally, building on the study's findings, key policy directions are proposed: fostering digital adaptability among small and medium-sized enterprises (SMEs), enhancing IP protection in the digital era, diversifying export markets, and addressing regional disparities to ensure balanced development across Korea (Chapters 10).
- Contents
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Preface
ABSTRACT
Summary (KOR)
Chapter 1. Introduction
Chapter 2. Literature Review and Contributions of This Study
Section 1. Overview of Existing Literature
Section 2. Distinctiveness and Contributions of This Study
Chapter 3. Analysis of Trends and Characteristics of Businesses and Employment in the Cultural Content Industry
Section 1. Status of Number of Businesses
Section 2. Status of Employment
Chapter 4. Market Performance of the Cultural Content Industry
Section 1. Revenue Analysis
Section 2. Value-Added Analysis
Section 3. Trade Flow Analysis (Exports and Imports)
Chapter 5. Construction of an Input-Output Table Identifying the Cultural Content Industry
Section 1. Necessity of a Specialized Input-Output Table
Section 2. Classification Adjustment Process
Section 3. Weight Adjustment Process
Section 4. Construction of the Industry-Specific Input-Output Table
Chapter 6. Structure of Total Supply, Total Demand, and Input in the Cultural Content Industry
Section 1. Total Supply Structure
Section 2. Total Demand Structure
Section 3. Input Structure
Chapter 7. Input-Output Analysis Centered on the Cultural Content Industry
Section 1. Input Coefficients Analysis
Section 2. Production Inducement Coefficients Analysis
Section 3. Analysis of the Economic Ripple Effects of the Cultural Content Industry
Chapter 8. Analysis of Business Growth Factors in the Cultural Content Industry
Section 1. Overview of the Data
Section 2. Sample Construction and Variable Definition
Section 3. Empirical Model and Estimation Methodology
Section 4. Regression Results on Growth Factors of Cultural Content Businesses
Chapter 9. Evaluation of Government Support Programs for the Cultural Content Industry
Section 1. Quantitative Analysis of the Content Industry White Paper
Section 2. Types and Distribution of Support Functions
Section 3. Evaluation of Target Groups for Support
Chapter 10. Conclusion and Policy Recommendations
Section 1. Summary of Findings
Section 2. Policy Recommendations
References
Appendices
Abstract
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