KT Acquires Korean Media Contents Group

(reg required) This is behind a subscription wall on Telecoms Korea, but KT (which owns a majority share in Korean mobile operator KTF)has “announced that it will make 20.4 billion won (US$21.6 million) investment in Olive9“, a digital media company. It produces its own shows, and works on a variety of digital technology including DMB.
This continues the trend of telcos buying content companies…

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