Korean Government to Develop Smart Media Industry worth 14 Trillion Won by 2020

smart media industry

The Ministry of Science, ICT and Future Planning (MSIP) has established a plan to nurture the local smart media industry to until it grows to 14 trillion won (US$13.2 billion) by 2020. The decision is attributable to the fact that N-Screen services such as over-the-top (OTT) services, where it is possible to use broadcasting service using a USB dongle, are expanding with the expanding use of mobile devices. It is also due to the fact that new smart media industries such as digital signage and smart home industries are in the spotlight as new growth engines.  

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