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Telecommunications & Media

SKT Broadband leads IPTV security spending; KT Skylife tops security share of IT budget

South Korea’s three IPTV operators increased information security spending in 2024, reflecting the sensitive data handled by broadcast platforms. Combined spending by SKT Broadband, KT Skylife and LG HelloVision rose about 6.6 percent from a year earlier to 32,828,770,000 won, data from the Korea Internet & Security Agency’s disclosure portal showed. SKT Broadband spent the most, while KT Skylife had the highest security share of its IT budget.

Telecommunications & Media

Broadcast Media Telecommunications Commission moves to build K-FAST ecosystem to open 47 trillion won overseas market

South Korea\'s Broadcast Media Telecommunications Commission is moving to build an advertising-supported free streaming TV (FAST) ecosystem, saying the media industry needs to develop strategies around global distribution platforms such as FAST as advertising revenue declines. At a corporate meeting in Suwon on June 4, the commission heard views from platform operators, broadcasters, channel operators and technology firms. The global FAST market is forecast to grow to 47 trillion won by 2030 from 18 trillion won in 2025.

Telecommunications & Media

SKT secures 100 percent stake in SKB, folds unit into wholly owned subsidiary

SK Telecom has folded SK Broadband into a wholly owned subsidiary after securing a 100 percent stake through a comprehensive share swap, a filing showed. SKT previously held 99.24 percent and acquired the remaining 3,039,090 common shares. Share buyback rights exercised by SKB shareholders amounted to 27,408 common shares worth 411,990,000 won, which were cancelled. SKT said it expects improved decision-making and a more efficient management system.