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Broadcasting Industry Promotion Plan

Oct 21,1998
The government plans to supply a 100 billion won promotion fund to aid the broadcasting industry in exporting productions including animation, documentary programs, and music videos.
The Ministry of Culture and Tourism (MOCT) will require major TV networks to broadcast 30% of programs produced by outsourcing in 2002 to strengthen private production companies providers.
This new broadcasting business plan was unveiled by Shin Nak Kyun, the Minister of Culture and Tourism on October 21. Shin said, 'It is urgent to promote and improve the TV and screen industry to effectively handle Japanese culture coming soon.' MOCT will supply up to 10 billion won per year in low interest funds to individual program providers. The government also plans to reclassify production companies as part of the manufacturing sector so they can enjoy the same favored tax system as this field.
To improve broadcasting infrastructure, MOCT plans to establish program production complexes by 2002, to make digital broadcasting screen archives inside the Broadcasting Development Institute, and to open a broadcasting screen cyber-information center for the public as well as more marketing and promotion in international markets.



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