Chinese Premier Li Keqiang speaks at the first China-South Korea Young Leaders' Forum in the South Korean capital of Seoul, Nov. 2, 2015. [Xinhua/Liu Weibing]

Speaking to a crowd of South Korean entrepreneurs in the center, Li said that he and South Korean President Park Geun-hye have agreed to set up new platforms for innovation cooperation between the two countries' companies and individuals.

China is now rigorously promoting the innovation-driven development strategy and has brought up an initiative called "Made in China 2025," encouraging more and more people and companies to pursue innovations so as to accelerate the structural transformation in the Chinese economy and to lift the economy to a higher level, Li said.

In the meantime, South Korea is well-experienced in creative economy as well as the innovative industries, the Chinese premier said, noting that the two sides can learn from each other on how to promote innovation.