Korean Ministry Unveils $766.5 Million Plan to Supercharge K-Content Industry

16 November 2023, Korea, Rep

In a groundbreaking move to fortify the K-Content industry, the Ministry of Culture, Sports and Tourism announced a robust investment plan of 1 trillion won ($766.5 million) over five years. The focus is on bolstering the competitiveness of Korean Online Video Services (K-OTT) amidst the global dominance of OTT platforms.