Special issue (2024) International Scientific journal of media and communications in Central Asia
Статьи

K-CONTENT PRODUCTION AND GLOBAL DISTRIBUTION STRATEGIES

Seung Hyun Lee
Dong Seoul University

Published 2024-06-23

Keywords

  • K-content,
  • Production,
  • Global Distribution,
  • OTT,
  • Drama

How to Cite

Hyun Lee, S. (2024). K-CONTENT PRODUCTION AND GLOBAL DISTRIBUTION STRATEGIES. INTERNATIONAL SCIENTIFIC JOURNAL OF MEDIA AND COMMUNICATIONS IN CENTRAL ASIA, (6). https://doi.org/10.62499/ijmcc.vi6.59

Abstract

The purpose of this study is to analyze the production characteristics of K-content and find ways to make it sustainably competitive for global distribution. The research questions of this study are as follows: First, what are the characteristics of K-content production? Second, what are the global distribution strategies for the sustainable development of K-content? The results of the study show that PDs of K-content, which has recently become popular in OTT, have developed their production capabilities in an organizational culture that tolerates failure and provides many opportunities. The fierce environment of the Korean content industry has made K-content more competitive, and the combination with global platforms has also played an important role in its growth into global content. In the current OTT-centered video content ecosystem, the domestic video industry is losing its competitiveness. To strengthen the competitiveness of K-content in the future, new creators must enter the digital content ecosystem to realize a virtuous cycle of continuous creation.

References

  1. Cho, S. I. 2020. Platform Monopoly Power and Competition Policy: Focusing on Competitive Bottlenecks. KDI FOCUS 2020.10.30. 103. Korea Development Institute. 1.
  2. Choi, Y. G. 2023. Sustainable Development Policy of Content Industry Ecosystem in the Digital Deepening Era. Proceedings of the Joint Seminar of the Korea Association for Telecommunications Policies and Korea Society for Media Policy Studies. Nov. 15. 47.
  3. Federal Trade Commission. 2020. Promoting the Enactment of the 'Law on Fairness of Online Platform Brokerage Transactions. Press Release. June 25.
  4. Han, Y. J. 2023. A study on the competitiveness of K-content across national boundaries with global OTT services: Focusing on Netflix popular K-content. Proceedings of the 2023 Fall Conference of the Korea Association for Broadcasting & Telecommunication Studies. Nov. 192.
  5. Hong, K. S. 2024. How do you make K-content? Hakjisa Biz.
  6. Kim, J. H. 2022. Strategies to Foster the Video Contents Industry as a National Strategic Industry. Proceedings of the Special Seminar of the Korea Association for Broadcasting and Telecommunication Studies.
  7. Korea Creative Content Agency. 2024. Study on Establishment of Basic Plan for K-Content Industry Promotion District. KOCCA. 23-51.
  8. Lee, K. H. 2023. Review of the Cultural Industry Fair Distribution Bill. Proceedings of the Joint Seminar of the Korea Association for Telecommunications Policies and Korea Society for Media Policy Studies Nov. 15. 3-31.
  9. Lee, J. K. 2022. Fair Competition Issues in the Digital Content Platform Market and Policy Measures for Win-Win. Proceedings of the 2022 Fall Conference of the Korean Association for Broadcasting & Telecommunication Studies. Nov. 12. 92-93.
  10. Ministry of Culture, Sports and Tourism. 2023. Major Work Plan for 2023. National Leap Forward, National Happiness Led by Korean Culture (K-Culture).
  11. Ministry of Culture, Sports and Tourism. 2022. Vision for the Content Sector and Detailed Task Plan for 2023.
  12. Noh, C. H. 2024. Policy Directions for Broadcasting Promotion to Lay the Foundation for Sustainable Growth of Media Ecosystem. Proceedings of the 2024 Spring Conference of the Korean Journalism and Communication Studies. May 10. Korean Journalism and Communication Studies.
  13. Roh, D. H. 2023. Policy Proposal for Rational Collection of Film Development Fund: From the Perspective of Win-Win Growth between Platforms and Contents. Proceedings of the Seminar of Korea Society for Media Policy Studies. Sep. 26. 3-45.
  14. Yoo, G. S. 2024. Analysis of K-Content OTT Popularity in 2023. Media Issues & Trends 2024. 03+04. 61. Korea Communications Agency. 2024.4. 64-84.
  15. CBS. 2023. Netflix announces $2.5 billion investment in Korean content for the platform. April 25.
  16. CNN. 2023. Netflix to invest $2.5 billion in South Korea as K-content continues to dominate. April 24.
  17. CNN. 2023. Netflix plans its biggest-ever slate of Korean content. January 16.