1. CONTENTS
(1) RESEARCH OBJECTIVES
This study has analyzed the impact of creative industry and creative class on city competitiveness in an empirical analysis using a correlation analysis and granger causality test after establishing the spatial scope as city of Seoul and scope of content as the following: creative industry as cultural arts industry and information & communication technology industry; creative class (human resources) as cultural arts industry professionals, information & communication technology industry professionals, and industrial technology personnel with a masters degree or higher education; tolerance as the number of foreigners; city competitiveness as Gross Regional Domestic Product (GRDP) data.
(2) RESEARCH METHOD
In this study, research method was through correlation analysis and granger causality test.
(3) RESEARCH FINDINGS
The correlation between gross production and cultural arts industry in Seoul was relatively low, whereas all the other variables had a positive correlation with the city's gross production and the correlation was relatively high. The granger causality test confirmed that information & communication technology industry needs to be developed to boost the competitiveness of the city and the nation by implementing a creative economy. In addition, cultural arts industry needs to be intensively developed as well, as the changes in trend among global creative cities suggest that the foothold of their cultural arts industry is relatively strong. Furthermore, the creative class and human resources have a causal relationship with city competitiveness, empirically confirming the fact that producing creative industry related personnel has a profound impact on strengthening the city competitiveness.
2. RESULTS
The government needs to set and execute policies that can promote information & communication technology industry and cultural industry in the medium to long term. Since the creative class has a huge influence on the city competitiveness, it is important for each city to establish an educational and living environment that facilitates producing such talents, in an effort to inspire the creative class to move into the city.