Leader standard ¤ý Response to THAAD¡¦Content industry big issue in waiting
Kim Soo Yeon | newsnews@ | 2017-09-25 10:39:33

Government inspection as of October 12

[Digital Times, Kim Soo-yeon] It seems that the ruling elite`s criticism of cultural contents policy and pending issues will be poured out in this year`s audits.

According to the government, the National Assembly and the industry, the content industry and policy will emerge as the core agenda of the committee, including the government, education, culture, sports, tourism, planning, finance, science.

The ruling party is currently a so called hot potato with the rationality of the Fair Trade Commission`s corporate regulation standards, which has been controversial due to the recent appointment of former chairman Lee Hae-jin (current global investment director). Besides, there is likely to be a chaos about the former chairman`s visit to the FTC, ahead of the total number designation.

Earlier, on September 4, FTC has appointed Naver as a £¿large conglomerate group£¿ by including it in 57 publicly-traded companies. Besides, former chairman Lee Hae-jin (current global investment manager) has designated the same person as the total number of Naver. Naver stated, "Regarding the appointment of the former chairman as the total number," granting the concept of total number to all private companies is a regrettable point that the corporate group system remained 30 years ago. "

The industry is looking at the question of whether a £¿new framework£¿ is needed to distinguish Internet companies that have a transparent management structure from existing conglomerates and concrete measures to establish a new framework.

It is also debatable whether Lee Hae-jin, chairman of the FTC, is ahead in his actions. There is also a possibility that former Naver Lee Hae-jin will appear in the state secretary`s office.

An industry expert said, "Besides, we know that a Democratic Party lawmaker has applied for the former chairman as a witness." In addition to the appropriateness of the action taken by the chairman of the FTC, the recent controversy over dominance in the search advertising market, "I think we will be asked to clarify."

Meanwhile, the taxation environment that will reverse discriminate domestic content companies is expected to be on the board. Multinational corporations, such as Google and Facebook, who are making huge profits in Korea, are registered as limited companies in Korea and do not disclose their management status or pay taxes on their sales made by domestic services. The amendment to the Corporate Tax Law, which strengthens taxation on multinational corporations, is on the list, and the Act on External Audit of Corporations (Externality Act) has been initiated by the ruling and opposition committees.

It is expected that the Ministry will respond to the THAAD damage response on the top of the textbook. China`s content exports amounted to KRW 1.4 trillion in the first quarter of this year, down 4.7 % from the same period last year, but the government did not offer a sharp solution. In addition, after criticism of the situation of the reform of the Ministry of Manpower Administration and affiliated organizations after the events of the National Agricultural Cooperative Federation led by Park Geun-hye and Choi Soon-sil. In particular, in the case of the Ministry of Culture and Tourism, it is expected to be responsible for the restructuring of the contents industry and the downgrading of the contents industry.

The results of the Ministry of Culture and Arts own survey on the blacklist of the culture and arts industry, the results of the operation of the agency reform task force started from the second half of this year, Film Promotion Committee) will also be subject to intensive inspection.

The zero rating and net neutrality are candidate agendas on the process. Content providers such as Naver and Kakao claim that the net ecosystem can collapse if they mitigate network neutrality (which prohibits Internet service providers, such as mobile carriers, from discriminating and discontinuing content transmitted over the Internet). In particular, the zero rating (a telecom company or a specific content provider paying network data usage fee on behalf of the user) is regarded as a violation of network neutrality.

By Kim Soo Yeon newsnews@


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