The Ministry of Economic Affairs (MOEA) will launch a "Sky Net Plan" by the end of this year that will be aimed at organizing large investment promotion activities at home and abroad to attract foreign capital, said Minister without Portfolio Chu Yun-peng.

Chu made the remarks at a press conference held on the first day of a special Cabinet meeting set to last for a day and a half.

Chu said that according to President Ma Ying-jeou's election campaign platform, the government will need to attract over NT$2 trillion (US$65.7 billion) from the private sector to help fund the "i-Taiwan" 12 infrastructure projects and manufacturing enterprises.

The ministry, however, did not discuss the size of the plan, Chu went on.

Meanwhile, the government will introduce another plan to boost the development of Taiwan's cultural creative industry by the end of next year, Chu noted.

Under the plan, the government will follow its South Korean counterpart by setting up a pricing mechanism for intangible cultural assets, he continued.

Such a mechanism is necessary, as it will determine the value of intangible cultural assets, which will help companies obtain loans, he explained.

Moreover, the government will encourage financial institutions to offer low-interest loans to start-ups in the cultural creative industry, Chu said.

The government also plans to directly invest in large cultural creative projects and combine the industry with digital content industry to increase Taiwan's competitiveness, he said.