Korean Watchdog Looks At Mobile Content

imageThe Korea Communications Commission has stepped in to regulate the countries mobile content industry in a bid to give it a boost. “The KCC said the value of the market for mobile phone content such as ring tones and games was 2.097 trillion won ($1.688 billion) in 2006, falling to 2.058 trillion won in 2007. The market shrank further in the following year to be recorded at 1.897 trillion won,” reports the Korea Herald. To combat this the KCC is planning to establish an organization dedicated to opening up mobile carriers’ mobile internet networks and making that mandatory, as well as planning to establish “guidelines for distributing the profits raised from mobile internet charges to prevent mobile carriers from abusing their dominance in dealing with content producers”.

The regulator is also looking at broadcast content and plans to inject a total of W509 billion (US$410.5 million) to build a new media broadcasting center and to support the production of broadcast content over the next four years reports the Korea IT Times, which has some more details on the plans.

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