SEOUL, Jan. 6 (Korea Bizwire) — South Korea will spend about 790 billion won (US$622.5 million) to support small and medium-sized companies and startups in the content industry this year in order to increase exports of Korean cultural content, the government said Thursday. The government will also seek to make it the first year in [...]
SEOUL, Jan. 24 (Korea Bizwire) — Exports of South Korea’s content industry rose 16.3 percent on-year in 2020 on the back of the global popularity of Korean pop culture, despite the coronavirus pandemic, government data showed Monday. The industry’s outbound shipments stood at US$11.9 billion in 2020, compared with $10.25 billion a year earlier, according [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korea’s content industry made a rebound in sales in the first half from a year earlier on rapid growth in advertising and cartoon sectors, a government report showed Tuesday. Industry-wide sales reached 61.2 trillion won (US$51.3 billion) in the first six months of this year, up 6 percent [...]
SEOUL, May 17 (Korea Bizwire) – Exports of South Korean TV programs and other broadcast content at international media trade fairs amounted to $51 million, the latest government data shows. According to the Ministry of Culture, Sports and Tourism, and the Korea Creative Content Agency, local content providers inked export contracts worth $37.7 million during [...]
SEOUL, March 24 (Korea Bizwire) – The South Korean government plans tospend 30 billion won (US$26.8 million) to promote content makers this year, the Korea Creative Content Agency (KOCCA) said Thursday. The budget will be spent on content creators in six categories — animation, cartoon, character, story, music and fashion, said the agency under the Ministry of Culture, Sports and Tourism. By category, the biggest chunk is reserved for [...]
SEOUL, Jan. 16 (Korea Bizwire) – Despite the economic, diplomatic, and political drawbacks of 2016, Korea’s content industry continued its march forward. According to the Ministry of Culture, Sports and Tourism, and the Korea Creative Content Agency, the content industry grew by 5.7 percent last year to 105.2 trillion won ($89 billion), setting an important [...]