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Park to ask SAP to increase investment in Korea

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Published : 2014-09-03 11:54
Updated : 2014-09-03 11:54

President Park Geun-hye asked the chairman of German software giant SAP Wednesday to increase investment in South Korea, her office said.

Park met with Hasso Plattner, co-founder and chairman of the supervisory board of SAP, though no details of the meeting were immediately available.

She also called on the German company to help South Korean software developers and promising startups make inroads into global markets.

The German company plans to announce its plan to set up an innovation center in Pangyo, just south of Seoul, within this year to nurture South Korean software startups and train innovative entrepreneurs, according to Park's office.

Pangyo is South Korea's answer to the US' Silicon Valley and is home to many technology companies, including NCsoft Corp., a leading game developer.

Park has been seeking to create new business opportunities, industries and jobs through the fusion of information and communications technology, culture and other realms.

In July, she called for the strengthening of training in software development, noting the future of the country's information technology industry depends on it. (Yonhap)

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