South Korean Minister of Science, ICT and Future Planning (MSIP), Choi Mun-kee, and Chinese State Administration of Radio, Film, and Television’s (SARFT) director, Wang Taihua, have signed a Memorandum-of-Understanding (MoU), today, to expand their co-operation in broadcasting and production of content – as part of the Pengyou project, which is a joint project between Korea and China for content.
A policy forum for the project will be held on July 4; in which Korea and China are planning to discuss about how the local digital content industry can enter the Chinese market, and establish a strategy through case studies.
Agreements between broadcasting companies to co-produce content are likely to be signed tomorrow, according to a report. Initiated in October of last year, the policy forum for Pengyou content between Korea and China is aimed at expanding content trades through the construction of business networks in both countries.
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