IPTV 3 Companies and Small SOs Sign Agreement for Mutual Growth and Win-Win Development

[Asia Economy Reporter Lim Hye-sun] KT, SK Broadband, LG Uplus (hereinafter IPTV 3 companies) and eight regional small and medium-sized comprehensive cable TV operators (hereinafter small and medium SOs) have agreed to join forces to realize win-win growth and mutual development for the advancement of the paid broadcasting industry and the enhancement of user rights.

The IPTV 3 companies and the eight small and medium SOs announced that on the 12th, they will sign a business agreement for mutual growth and win-win development cooperation at the Korea Cable TV Broadcasting Association's main conference room.

This agreement expands the scope of the win-win agreement signed between KT and small and medium SOs in June last year to include the IPTV 3 companies. In the second half of last year, mutual cooperation measures were discussed through a Cable TV industry meeting chaired by the 2nd Vice Minister of the Ministry of Science and ICT and two working-level meetings.

The IPTV 3 companies and small and medium SOs agreed to cooperate with mutual respect as partners for coexistence and win-win growth in the business activities of small and medium SO broadcasting areas, aiming to transform the paid broadcasting market into a virtuous cycle ecosystem. They will collaborate in developing new business models, regional balanced development, discovering various contents, and joint content development.

This content was produced with the assistance of AI translation services.