Restrictions on the ownership in Satellite broadcasting and terrestrial DMB to be eased

• Equity to be achieved in competition with cable broadcasting, satellite’s main competitor by lifting cap on foreign shareholding in satellite broadcasting (currently 33%)
• Restrictions on shareholding per owner (currently 30%) to be relieved for struggling SME terrestrial DMB in order to boost new investment
• • Small and Medium DMB Operators: YTN DMB, U1 Media and Korea DMB

Deregulations on broadcasting commercials and introduction of Media Representatives

• Deregulations on broadcasting commercials and introduction of Media Representatives to stimulate broadcast advertising industry and broaden market freedom
• • Introduction of virtual advertisements, a new type of broadcast advertising reflecting the development of broad cast technologies
  • Detailed measures to be outlined (permitted hours and genre etc.) after virtual advertising is defined in broad2017-09-25 casting law
  • Competition introduced in the broadcast advertising market (preventing monopoly by KOBACO-)
  • The impacts of competition on the broadcast advertising market and on other media including newspapers to be 2017-09-25 scrutinized and views of stakeholders to be reviewed before policy making

Improvement of entry into telecommunications market and pricing regulations

• Administrative work to be consolidated enabling all the key services available with just one time permission
• • Shifting permission to registration system to be reviewed for the long term
• Permission on pricing to be revised in a way that promotes competition in the market and reduces financial burdens on households

New mid and long term policy direction to be offered

• New telecommunication policy direction to be defined to promote competition among operators and revitalize the market
• • Merits of previous policies and changes in domestic and overseas market to be analyzed
  • Based on the analysis, the optimal alternative to be reviewed to encourage competition and Investment