Tuesday, September 04, 2007

[The Chosun Ilbo, August 27 2007] SK Telecom Goes Into the Movie Business

Korea’s biggest telecom operator SK Telecom will make inroads into the film distribution business in the beginning of next year. It is the first telecom business to invest in films, though big conglomerates like Samsung and Daewoo and financial capital such as Ilshin Investment Co. and Mirae Asset have been major investors to Korea’s movie industry. CJ, Orion and Lotte have established themselves as major powers in Chungmuro, Korea’s Hollywood.

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