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[ Thu, Dec 19th 2024 ]: Daily Mail
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[ Thu, Dec 19th 2024 ]: MSN
S. Korea to invest 1 tln won in boosting global competitiveness of homegrown OTT platforms
Wed, December 18, 2024
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[ Wed, Dec 18th 2024 ]: MSN
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S. Korea to invest 1 tln won in boosting global competitiveness of homegrown OTT platforms

South Korea has announced plans to invest 1 trillion won (approximately $720 million) to enhance the global competitiveness of its homegrown Over-The-Top (OTT) platforms. This initiative, revealed by the Ministry of Science and ICT, aims to support local content creators and streaming services in expanding their international presence. The investment will focus on developing original content, improving technological infrastructure, and fostering collaborations with global partners. This move is part of a broader strategy to leverage South Korea's cultural exports, particularly in K-dramas and K-pop, to increase the global market share of its OTT services amidst fierce competition from international giants like Netflix and Disney+.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/s-korea-to-invest-1-tln-won-in-boosting-global-competitiveness-of-homegrown-ott-platforms/ar-AA1w8c2w ]