Issues and Strategic Approach on Creation of a Global Media Company in Korea
글로벌 미디어 기업 창출에 관한 이슈와 전략적 접근

Jeong-Il Choi, Sa-Seong Kim, Yong-Hee Kim
2011 Journal of the Korea society of IT services  
With the saturation of the local market, the domestic media industry is searching for new growth drivers by crossing over to other industries, but due to the limited size of the market, results fail to meet expectations. Despite its strengths in cultural contents, as verified by the Korean Wave Hallyu, and advanced platform services, the industry feels threatened by the entry of global foreign media businesses in the domestic arena. This and the stagnated growth in the local media market are
more » ... llenges we are facing today. On the other hand, it could prove to be a timely opportunity to transform the existing media industry structure where exporting hardware and terminals is at the heart of a globalized business into a structure based on software and contents exports. Based on such critical thinking, this study examines the current status of media markets, home and abroad, and aims to come up with strategic measures through a discussion on the issues and methods proposed for the globalization of local media businesses from a holistic viewpoint based on ecosystem, M&A and contents.
doi:10.9716/kits.2011.10.3.031 fatcat:l6twvwfjtjeirmxfhoj7jbdgka