Audiovisual Services in Korea: Market Development and Policies
AbstractThis 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.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 354.
Length: 22 pages
Date of creation: 16 Apr 2012
Date of revision:
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audiovisual services; republic of korea; motion pictures; broadcasting;
Find related papers by JEL classification:
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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