S. Korea to Launch 1 Trillion-won Fund, Ease Regulations to Compete with Netflix, YouTube
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 [...]