S. KOREAN VIDEO STREAMING COMPANY WAVVE TO INVEST $882.7 BILLION IN CONTENT

Highlights –

• S. Korean video streaming company Wavve to invest $882.7 billion in content.
• Wavve will enter in a JV with SK Telecom, KBS, MBC, and SBS to produce original content.
• SK Telecom will invest in the JV by issuing 100 billion...

SBS ANNOUNCES CANCELLATION OF DRAMA “JOSEON EXORCIST” OVER CONTROVERSY

Highlights –

• SBS announces cancellation of drama “Joseon Exorcist” over controversy.
• The drama has been accused of distorting Korean history.
• The production house had already paid for the series’ TV rights.

LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE

HIGHLIGHTS

• Public sector banks are planning to build and share digital infrastructure.
• Not just software, banks are likely to share the hardware used for setting up the back office and servers.

In response to the rapid digital adopti...

SBS MUSIC CONCERT CANCELLED AMID SPREAD OF COVID-19

Highlights –

• SBS cancels Daegu music concert
• K-pop fans submit petition for cancellation of the concert
• BTS, NCT 127, ZICO, etc. were scheduled to appear

According to reports, South Korean broadcasting channel SBS h...