AI & Enterprise
Calls grow to expand broadcasting development fund into audiovisual media development fund including OTT
Debate over restructuring South Korea’s Broadcasting and Communications Development Fund has stalled for years, as some now call for expanding it into an “audiovisual media development fund” that also covers OTT services and platforms. Seoul National University professor Hong Jong-yoon proposed broadening contributors and using the money for regional and smaller media support and content diversity. Separately, calls persist to merge the fund with the Information and Communications Promotion Fund, a move repeatedly recommended by government evaluators.