The Korea Communications Commission (KCC) will inject a total of W509 billion (US$410.5 million) to build a new media broadcasting center and to support the production of broadcast content over the next four years. The Commission on June 3 released its investment plan aimed at improving the competitiveness of the broadcasting and communications industry.
The KCC’s plan envisages implementing 16 tasks in three categories – how to encourage competitiveness to improve the content market structure; rectify unfair trade practices between platform providers and content providers; and lay the foundation to reinforce the capability of the content industry.
If this latest plan is implemented successfully, the KCC expects the broadcast content market to grow by about W6.4 trillion (US$5.16 billion) from W15.3 trillion (US$12.3 billion) in 2008 to W21.7 trillion (US$17.5 billion) in 2013, while creating jobs for some 23,000 people.
To encourage competitiveness to improve the content market structure, the KCC will revamp the open mobile Internet network and galvanize the wireless resale and mobile virtual network operator (MVNO) marketplace.
To rectify unfair trade practices between platform providers and content providers, the Commission will create an atmosphere for fair trade, improve the broadcasting content outsourcing structure and ensure the fair distribution of profits between mobile service providers and content providers.
To lay the foundation for reinforcing the capabilities of the content industry, the KCC will build a new media broadcasting center, establish a digital distribution system (DDS), and support the production of broadcast content.
