The key reason for launching the Gwangju ACE Fair was to open a global venue for exchanging cultural content in Gwangju. The first goal was to stimulate the cultural industry by creating a business model for the international cultural content industry. The second objective was to expand and strengthen the network among people in the cultural and entertainment content industry inside and outside Korea. The third goal was to develop cultural products based on traditional culture and arts. Along with the Hub City of Asian Culture Project, the ACE Fair is becoming one of the major exhibitions of the cultural industry in Gwangju.