Taipei, April 27 (CNA) Taiwan's first digital media center officially opened in Taipei Friday, in line with the government's efforts to develop the industry and promote the country as a digital content hub.
The Ministry of Economic Affairs, in collaboration with the Institute for Information Industry, aims to use this center as a platform for experts from academia and the public and private sectors to jointly develop the growing industry, Economics Minister Shih Yen-shiang said at the center's opening ceremony.
The government has been promoting the industry since 2010, and the establishment of this center can be seen as a milestone, Shih said.
In 2011, Taiwan's output in the digital content industry reached NT$600 billion (US$20.53 billion), up 15 percent from the previous year, the minister noted.
The output of the e-book market amounted to NT$104.8 billion, while that of the gaming industry totaled NT$43.6 billion, he added.
In addition, Japanese and American companies also saw Taiwan's potential in this field, with total investment worth NT$27.6 billion in 2011, the minister said, adding that the number of foreign companies and investments are expected to grow.
With sounds, words and images becoming digitalized, the business model has evolved, and Taiwan needs to catch up with the trend to maintain its competitiveness, the minister stated.
Vice President Vincent Siew also attended the ceremony and expressed the hope that Taiwan can become the digital content hub for the Chinese-speaking community.
"It is like the realization of my long-awaited dream," said Siew, who said he has been promoting Taiwan as a media center among Asia-Pacific countries for 18 years.
Citing a survey by the World Economic Forum, Siew said that Taiwan can be seen as a "smart technology island."
The survey showed that Taiwan was ranked 11th in networked readiness among 142 economies around the world, and second in the Asia-Pacific region in 2012.
With Taiwan's strengths in the technology, and cultural and creative industries, Taiwan can be the leader in the digital content field and shine on the international stage, he said.
"The global environment is getting mature, and Taiwan needs to be ready," he stated.
(By James Lee)