The president of South Korea, Park Geun-hye arrived in Bali, Indonesia on Sunday, October 6, 2013. The South Korean president arrived in Bali and will remain in the country for eight days, in an attempt to improve cooperation with Asia-Pacific countries in business, trade, as well as other areas of mutual interests.


The latest trip is Park's fourth overseas visit and the president is scheduled to attend the Asia-Pacific Economic Cooperation (APEC) summit in Bali. In addition to this, Park is also due to attend premier meetings with the Association of Southeast Asian Nations in Brunei. The APEC summit began on Monday, October 7, 2013 and one day before the summit began, on Sunday, October 6, 2013, a keynote speech was delivered by Park during the CEO summit.

The South Korean president emphasized the importance of business innovation and insisted on a deeper economic cooperation within the region in order to fight global economic slump. The president in her speech said, “The creative economy has no boundaries for growth and thus can achieve the ‘sustainable growth”.

Park went on to say that South Korea is working to improve financial structure in order to promote new ideas, new technologies and new industries. While fortifying education to increase creativity, Park said that South Korea is also pushing to realize an open innovation by implementing free trade agreements.

Photo Credits: Park