Broadcasting and Video Production Companies Stress Urgent Need to Ease Production Cost Burden and Strengthen IP Competitiveness

KOCCA Hosts Communication Forum on July 24
Seven Organizations Discuss Policy Improvement Initiatives

A meeting was held to address key issues in the broadcasting and video industry, such as rising production costs and the deterioration of investment and programming environments.

The Korea Creative Content Agency held a meeting with major companies in the broadcasting and video industry as well as the Drama Production Association to share current issues and policy improvement tasks in the production field.

The Korea Creative Content Agency held a "Broadcasting and Video Production Company Communication Meeting" on July 24 at the Seoul CKL Enterprise Support Center, where it discussed policy improvement tasks with seven entities, including production companies in drama, variety, and documentary fields as well as the Drama Production Association. This meeting was attended by companies carrying out the Agency’s broadcast and video production support projects this year, such as Imaginas, Box Media, Dexter Pictures, YLAB, Ditern, Studio Gaon, and the Drama Production Association.

The discussion covered topics such as the increased burden of production costs, worsening investment and programming conditions, the importance of securing and utilizing intellectual property (IP), the need to improve contract structures with platforms, and the necessity for expanded government support. The participants also exchanged ideas on establishing a foundation for the growth of independent production companies, strengthening IP competitiveness, and creating an environment focused on creator-driven planning and development.

Song Byungjoon, head of the Drama Production Association, stated, "K-content competitiveness can only be sustained if an industrial foundation is established that allows production companies to plan and produce content stably. I hope that the opinions gathered at the production sites will be reflected in policy and lead to the restoration of the ecosystem."

Kim Yoonji, President of the Korea Creative Content Agency, said, "Because the broadcasting and video industry has been a key driver of K-content competitiveness, it is important that we work together to address challenges on the ground and prepare practical support plans. We will reflect the opinions discussed today in our support projects and policies to create a stable environment."

This content was produced with the assistance of AI translation services.