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Media 'big bang'

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Mergers can boost industry's global competitiveness

The Fair Trade Commission (FTC) has approved two merger deals that could reshape the nation's media and content markets.

This seems to be a step in the right direction in the face of toughening competition with global content providers such as Netflix and YouTube, although there are lingering disputes over the antitrust watchdog's decision.

Given the nation's media industry is lagging behind in the global market, it is good to remove regulatory hurdles to pave the way for its global expansion ― and long-term survival. This is all the more so because large foreign firms, such as Apple and Disney, are expanding their investments in the digital content market amid the........

© The Korea Times