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South Korea: Gov't Announces Plan to Develop Content Industry
Source: english.yonhapnews.co.kr
Source Date: Friday, April 04, 2014
Focus: Electronic and Mobile Government, Internet Governance
Country: Korea (Republic of)
Created: Apr 09, 2014

South Korea plans to create a 200 billion won (US$189 million) joint investment fund with China to help more local content producers make inroads into the Chinese content market, a government committee said Friday.

Under the plan drawn up by the Presidential Committee for Cultural Enrichment, South Korea and China will raise 100 billion won each with investment from government coffers and civilian firms.

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