SEOUL, Apr. 29 (Korea Bizwire) — South Korea’s telecommunications giant KT Corp. said Monday it will lead the transformation of the company’s media business by widely using its artificial intelligence capabilities and strengthening investments to spread Korean pop content in global markets. KT, the country’s No. 2 wireless carrier, said it is utilizing AI technology [...]
SEOUL, Dec. 29 (Korea Bizwire) – The sudden demise of actor Lee Sun-kyun, who was under police investigation for alleged drug use, has sent shockwaves through South Korean society. Instances of such tragic conclusions are sadly not isolated. Lee reportedly struggled with psychological distress, exacerbated by the release of call recordings from his private life, unrelated [...]
SEOUL, Feb. 23 (Korea Bizwire) — In contrast to the common beliefs that a decline in face-to-face contact and increase in the use of media resulting from the prolonged COVID-19 pandemic would decrease the level of social cohesion, non-face-to-face contact via media can actually contribute to increasing social cohesion, a study showed Tuesday. A research [...]
SEOUL, June 22 (Korea Bizwire) — South Korea said Monday that it plans to launch a 1 trillion-won (US$825 million) fund and sharply cut red tape in order to help local players better compete with global media giants like Netflix and YouTube. Under the plan, the local media market will be valued at 10 trillion [...]
SEOUL, June 3 (Korea Bizwire) — The MZ Generation that grew up with digital media are gaining interest in sports media content. They are a combination of the Millennials, born after the 1980s and experienced both in analog and digital culture, and the Z generation, born after the mid-1990s in a digital environment. The Korea [...]
SEOUL, Sept. 14 (Korea Bizwire) — Worry and disappointment over press reports that detail the modus operandi and implements used to facilitate suicide deaths continue to rage on, but critics say nothing much has been done to improve the situation. Shin Eun-jung, the deputy head of the Korea Suicide Prevention Center, was present at a [...]
SEOUL, Aug. 11 (Korea Bizwire) — While the controversy surrounding BMW engine fires continues to rage in South Korea, the atmosphere in the carmaker’s home country of Germany is relatively calm. Although BMW recently decided to launch a recall of its problematic vehicles in Europe, the move has not received the type of media attention [...]
NEW YORK, Jun. 5 (Korea Bizwire) — According to PwC’s Global Entertainment & Media Outlook 2018-2022 (Outlook), the ongoing rapid evolution of the industry has entered a dynamic new phase. Amid growth that is broad-based and consistent – but unevenly distributed – three imperatives are affecting every company in the industry: convergence, connecting with consumers [...]
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 [...]
SEOUL, Dec.17 (Korea Bizwire) – To boost its competitive edge, SK Telecom is opening a media department, and has assigned Lee In-chan, the head of SK Broadband to take charge of the new business unit. To strengthen the platform business as a future growth engine, SK Telecom rearranged the structure of its divisions and changed [...]