Telecommunications & Media

Ahn Hyung-joon takes office as 28th Korea Broadcasters Association chairman

The Korea Broadcasters Association said on Aug. 3 that MBC CEO Ahn Hyung-joon took office on Aug. 1 as its 28th chairman, beginning a two-year term. In his inaugural remarks, Ahn said he would work to establish policy and institutional foundations so terrestrial broadcasters can continue to lead public-interest value and the future of South Korea’s broadcasting. He also pledged to focus on improving outdated and discriminatory regulations and highlighted universal viewing rights.

Games & Commerce

Warning signs as game industry growth slows, calls for tax credits for production costs

As growth and exports in South Korea\'s game industry slow, participants at a policy forum called for expanded support such as tax credits for game production costs. Korea Creative Content Agency executive Song Jin said games account for about 15 percent of content industry sales and 60.4 percent of exports, but get 6.9 percent of the budget. He projected 2030 targets would be missed without additional intervention. Speakers also urged tax and financing measures and listing incentives.