Search results for KOBACO
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
Assembly science committee approves bill to set up Korea Broadcast Media Telecom Promotion Agency
South Korea’s National Assembly Science, ICT, Broadcasting and Communications Committee approved amendments to create the Korea Broadcast Media Telecom Promotion Agency under a broadcast media telecom commission. The bill would merge the Korea Broadcast Advertising Corp and the Viewer Media Foundation, dissolving both on launch, with a planned 2027 start. The proposal faces hurdles including opposition party resistance, disputes over employment succession and business scope, and pushback from related ministries and organisations.
Telecommunications & Media
Samsung, LG smart TVs seen as global distribution route for K-content as FAST emerges as alternative
A proposal has emerged to use Samsung and LG smart TVs already deployed worldwide as infrastructure to distribute Korean content globally. As plans to combine domestic streaming services into a single platform stall, free ad-supported streaming TV, or FAST, is gaining prominence. Speakers at a policy forum cited rapid growth forecasts for the global and domestic FAST markets and highlighted Korean TV makers\' large installed base. They also called for policy support, content localization funding and a unified control tower across ministries.
