Mobile carrier SK Telecom and Korea’s three terrestrial TV broadcasters will merge their over-the-top (OTT) video service platforms into one to better compete with Netflix and YouTube, the global leaders in OTT services. The new OTT platform with more than 13 million subscribers is expected to chall
LG U+ Corp. announced on March 14 that it will exclusively provide the broadcast circuits for the UHD pictures to the country's three terrestrial networks, KBS, MBC and SBS, during the FIFA World Cup in Russia in June.The company said it will connect its broadcasting center in Anyang, Gyeonggi Provi
South Korea’s mobile advertising market surpassed 2 trillion won (US$1.86 billion) last year for the first time, accounting for the most market share.Cheil Worldwide announced on Feb. 26 that the total domestic advertising market came to 11.13 trillion won (US$10.37 billion) in 2017, up 1.8 percent
The Electronics and Telecommunications Research Institute (ETRI) of South Korea announced on February 12 that it worked with CBC to broadcast the 2018 Winter Olympics live in UHD and mobile HD in the United States.The ETRI used layered division multiplexing (LDM) based on ATSC 3.0 for the live broad
Global telecom industry big shots will fly into Korea to see the world's first 5G mobile communication during the Pyeongchang Winter Olympics. They are expected to directly observe the status of 5G, apply what they will see in Korea to their own 5G strategies and strengthen cooperation with Korean c
SK Telecom will develop a next-generation broadcasting platform jointly with Sinclair Broadcasting Group, a terrestrial broadcaster with 173 TV stations (514 channels) across the United States.SK Telecom and Sinclair signed a memorandum of understanding (MoU) on cooperation to take the lead in the n
Haier, a Chinese consumer electronics company, sued Samsung Electronics and LG Electronics for violating antitrust law in the US market.According to foreign news services on August 24, Haier recently filed a lawsuit against Panasonic, Philips, Zenith, Samsung and LG, in the New York court for allege
SBS, a terrestrial broadcaster, will work with NHN Entertainment as well as various information and communication technology (ICT) companies to found a video platform company and grow it into a Korean version of YouTube. This will mark the first time that a terrestrial broadcaster will a video platf
The South Korean government has initiated UHD broadcasting with terrestrial broadcasting stations on May 31. A ceremony for celebrating the initiation is scheduled for that day at the KINTEX Convention Center located in Goyang City, Gyeonggi Province.The three terrestrial broadcasting stations, that
The start of 2018 Pyeongchang Winter Olympics are less than 10 months away. BusinessKorea met Lee Hee-beom, president & CEO of the PyeongChang Organizing Committee for the 2018 Olympic and Paralympic Winter Games, to hear about the preparation and vision of the winter games. Lee told BusinessKorea t
Global media companies are accelerating their entry into the Korean market. They are not just investing in supplying images, but actively investing in Korean video production companies and entertainment companies, and actively moving to produce their own unique Korean contents.Netflix already starte
It is pointed out that while wireless telecommunication operators such as KT, LG U+ and SK Broadband are expanding their businesses by strengthening their media business through virtual reality (VR), it is not enough to lead the VR market properly by taking short videos from inside and outside as VR
Byun Dong-sik, CEO of the nation’s No. 1 cable TV network operator CJ HelloVision, held the first press conference at the headquarters in Sangam-dong, Seoul, on October 25 after he was appointed as co-CEO. At the conference, he said, “We are now preparing to launch a broadcasting platform that can s
These days, over-the-top (OTT) content providers such as Netflix are in fierce competition with one another in the global media market while leading information and communications technology (ICT) companies like Apple, Amazon and YouTube are jumping into the broadcasting and video market. Meanwhile,
Netflix, the world’s largest video streaming service firm, has begun its contents production in earnest after landing on Korean market in the beginning of the year. Netflix, craving out new spaces in the media market all over the world by providing their own dramas such as “House of Cards,” “Marco P
LG Electronics has developed the world’s first TV reception chip (model name: LG3307) that allows streaming the next-generation ultra high-definition (UHD) content.LG is a leading player in ROUTE, or real-time object delivery over unidirectional transport, and the technology is also considered a key
Samsung Electronics and LG Electronics are accelerating the preoccupancy of the next-generation UHD terrestrial broadcasting technology. The two companies, which are competing in image quality with their own models, quantum-dot TV and OLED TV, are also competing to dominate “technology standards” be
Samsung Electronics announced on March 14 that it has finally succeeded in the live ATSC 3.0 experimental broadcasting with SBS.ATSC 3.0 is the next-generation UHD terrestrial broadcast standard in the U.S. Since it transmits data based on Internet Protocol, it has a high transmitting efficiency of
The Electronics and Telecommunications Research Institute (ETRI) of Korea announced on Feb. 18 that it has co-developed ATSC 3.0, a next-generation transmission platform, with CleverLogic for the first time in the world, and successfully conducted its field test at VHF station in Cleveland, Ohio, al
At its result announcements on Oct. 29, LG Electronics posted 14.03 trillion won (US$12.26 billion) in sales and 294 billion won (US$256.88 million) in operating profits in the third quarter. The sales figures decreased about 5 percent from 14.71 trillion won (US$12.86 billion) during the same perio