SEOUL, Nov. 29 (Korea Bizwire) – Major South Korean pay TV operators are implementing voluntary retirement programs amid deteriorating business conditions, drawing criticism for shifting the burden of financial challenges onto workers. Following LG HelloVision, the country’s largest cable TV operator by subscribers, both Skylife and HCN have announced voluntary retirement plans. Skylife revealed its program during [...]
SEOUL, Feb. 11 (Korea Bizwire) — LG Uplus Corp., currently the fourth-largest pay TV provider in South Korea, has decided to take over CJ Hello, the country’s No. 3 player in the pay TV market. The merger with CJ Hello, which is owned by CJ E&M, a unit of food and entertainment conglomerate CJ Group, [...]
SEOUL, April 17 (Korea Bizwire) — The number of subscribers to pay TV keeps falling, especially among the younger generation and one-person households, a report said Tuesday. According to the research by the Korea Information Society Development Institute, the service termination rate reached 6.86 percent last year, up from 6.54 percent the year before. The [...]
SEOUL, Nov. 3 (Korea Bizwire) – Various technical regulations that were blocking the diversification of services among pay TV providers such as cable networks (SO) will be moderated. The Ministry of Science, ICT and Future Planning announced that it will be drafting an item on ways to restructure the current regulations. Various technical methods could [...]