[Korea.net News, Government News, September 5 2008] Broadcasting and communications sector to lead 'green growth'

Source: Korea Communications Commission

The government will ease regulations on broadcasting and communications industries to create jobs and new growth engines, and world-class media enterprises in Internet protocol television (IPTV) and other new media fields.

The government will ease regulations to nurture media conglomerates by allowing companies to own both television networks and newspapers, as well as helping found a private media representative firm in the broadcasting advertising market that has been monopolized so far by the Korea Broadcasting Advertising Corporation.

The Korea Communications Committee (KCC) on Sept. 4 briefed President Lee Myung-bak on such a new policy on "ways to create new growth engines and jobs for the advancement of broadcasting and communications."