Korean telecom firms are to invest around 1.57 trillion won (E9.9bn) on IPTV services this year according to the Broadcasting and Communications Commission (BCC). KT, the country's dominant telephone and broadband Internet service provider, alone plans to spend 1.3 trillion won, and LG Dacom and Hanarotelecom respectively allotted 146.4 billion won and 122.1 billion won for the Internet TV business.
A large part of the money will be used in expanding and improving Internet networks. Purchasing TV content is another big expenditure. “By enriching the content of its Mega TV service, KT will endeavor to narrow the information gap between rich and poor people,” said KT.