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South Korea to foster one-person media industry as a future growth engine Updated: 2019-08-30 16:39:25 KST

South Korea's Science and ICT ministry announced a plan at a ministerial meeting on Friday to fully support and nurture one-person media creators and foster the industry as a new growth engine.
One-person media is becoming an integral part of people's daily lives due to the growing number of single-person households and the use of smart devices.
The government is staking high hopes in the one-person media market, especially with the commercialization of 5G networks earlier this year.
Faster networks allow simultaneous transmission of higher-quality content.
The market for one-person media is currently estimated at around 3 billion U.S. dollars and is expected to be worth about 6.6 billion dollars by 2023, according to forecasts.
After conducting a feasibility study next year, the ministry will provide all-in-one support from training in content-editing skills to tax and legal consultation for one-person media creators.
The ministry will open training classes at 13 institutes nationwide and will create free-to-use production spaces by the end of this year.
The government will also provide regular meeting opportunities for creators to better coordinate and share their ideas with one another.
The ministry previously supported content co-production with oversea creators, mostly in South East Asia, and the new plan will encourage co-production with those from North America to help local creators gain a broader foothold in the global market.
Lee Min-sun Arirang News.
KOGL : Korea Open Government License
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