As the Korean market is rapidly reorganizing around Streaming service, the Korea government has taken measures to strengthen the global competitiveness of the local streaming service and industry. The intention is to improve the system so that it can compete with global streaming service such as Netflix and Disney+.
K-OTT Industry Strategy: Global Competitiveness Enhancement Plan
The Ministry of Science and ICT (MSIT) has developed a comprehensive strategy aimed at strengthening the global competitiveness of Korea's OTT (Over-The-Top) industry. This strategic plan, set to be implemented by December 19, 2024, represents a significant initiative to enhance Korea's position in the global streaming market.
The plan's title, displayed prominently in the image, emphasizes the focus on developing global competitiveness for the K-OTT sector. The visual elements in the background, including a digital globe and interconnected network patterns, symbolize the international reach and technological advancement this initiative aims to achieve.