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ARTICLE · 25 JANUARY 2017

ICT Sector Government Policy Changes For 2017

Yulchon LLC
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Stimulation of broadcast content and advertising markets is expected to come through introduction of new broadcast services including a territorial UHDMMS channel, as well as deregulation...

South KoreaMedia, Telecoms, IT, Entertainment
Doil Son
Doil Son
Jai Wook Lee
Jai Wook Lee
Yong Yun
Yong Yun
Seung Hyuck Han
Seung Hyuck Han
Sun Hee Kim
Sun Hee Kim

Korea's key ICT-related agencies, the Ministry of Science, ICT and Future Planning, and the Korea Communications Commission, have adopted as a top priority plans to foster new industries in response to the Fourth Industrial Revolution.

1. Ministry of Science, ICT and Future Planning

The Ministry of Science, ICT and Future Planning announced their2017 goal as "leading the development of an information society through science, technology, and ICT innovation."To achieve its goal, the Ministry announced the following four strategies:(1)consolidation of the startup ecosystem;(2) strengthening of R&D capabilities;(3) creation of new industries"and services through integration and innovation; and(4) intelligent informatization to pre-emptively address the coming challenges of the Fourth Industrial Revolution.

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