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Telecommunications & Media

Korea to merge Kobaco and KCMF after bill clears parliamentary committee

A bill to merge the Korea Broadcast Advertising Corp (Kobaco) and the Korea Communications Media Foundation (KCMF) to create the Korea Broadcasting Media Communications Promotion Institute has passed the National Assembly’s Legislation and Judiciary Committee. The committee approved amendments including a revision to the Framework Act on Broadcasting and Communications Development. Some broadcasting, media and communications projects scattered across related agencies under the Ministry of Science and ICT would be transferred to the new body.

Telecommunications & Media

Broadcasting media commission to support TV ad production costs for two small firms

South Korea\'s Broadcasting Media Communications Commission said on Thursday it selected two small and medium-sized companies to receive support for TV broadcast advertising under its second public call for 2026. The round drew 37 applicants. The selected firms will receive up to 45 million won, covering up to 50 percent of TV ad production costs, and can also receive tailored consulting on planning, production and use.

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.