Audiovisual Services in Korea: Market Development and Policies
22 Pages Posted: 22 Jan 2020
Date Written: April 16, 2012
This paper reviews economic development and the regulatory environment of audiovisual services in the Republic of Korea (hereafter, Korea). The paper specifically examines motion pictures and broadcasting, and discusses what drives or hinders the sector’s trade potential, which depends on whether Korean audiovisual services providers create high quality content that can be shared locally and/or universally. The most important prerequisite for high quality content is the generation of creative ideas, which would be hindered by strong government censorship and controls. The restrictive Korean broadcasting sector should learn from the success of the Korean film industry in this regard.
Keywords: audiovisual services, republic of korea, motion pictures, broadcasting
JEL Classification: O14, O24, O53
Suggested Citation: Suggested Citation