Audiovisual Services in Korea: Market Development and Policies

Yeongkwan Song
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Yeongkwan Song: Asian Development Bank Institute

No 354, ADBI Working Papers from Asian Development Bank Institute

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: O14 O24 O53 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2012-04-16
New Economics Papers: this item is included in nep-cul
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