AI & Enterprise

ITCEN Global posts first-half revenue of 5.58 trillion won, operating profit 107.5 billion won

ITCEN Global said on Aug. 13 its consolidated first-half revenue totalled 5.58 trillion won, up about 92 percent from a year earlier. The company said growth was supported by balanced gains in its Web3 and IT services businesses, including units such as Korea Gold Exchange, ITCEN CTS and ITCEN ENTECH. Operating profit rose 94 percent to 107.5 billion won and net profit increased 153 percent to 109.8 billion won.

Telecommunications & Media

Cable TV to guarantee 80 percent of prior-year PP channel fees annually

South Korea’s cable TV system operators will guarantee 80 percent of the previous year’s channel fees each year to improve programme providers’ production and scheduling stability. Under revised guidelines unveiled on Aug. 13, operators will first allocate 80 percent of prior-year fees to each channel after setting the year’s total content payments, and apply audience share and evaluations only to remaining funds. Additional payments of 3 to 15 percent will reward higher TV content investment, while holdback-related bonuses and penalties will also apply.