Member Focus
Korea Business News Joins ABU as an Associate Member
K
orea Business TV was established in Seoul, Korea on 31 August 1999. It is
Korea’s Bloomberg channel which has set foot under the name “WOWTV” together with their main 3 values, that is, democratization of information, commercialization of investment and internationalization of the market. After its founding, Korea Business TV began to broadcast nationwide since the establishment of their internet broadcasting station in January 2000, and cable channelling in August of the same year.
Korea Business TV has become true to the name “Korea’s main finance & economics news” after changing its name on March 2004, and after being listed on the Korea Exchange KOSDAQ in July 2004. When the stock quotations were in a bull market in 2004, the ratings have recorded 1st place during weekdays and 10th place during weekends and holidays for the station.
According to a global study on media satisfaction, Korea Business TV was selected as a favourite channel in the
36 ABU News
finance category, and was selected as a favoured media amongst individual investors in 2008. The Korea Communications Commission gave “Excellent” ratings during the contents creation competence evaluation conducted on 2012, and they have also received the highest rating in 2013.
Korea Business TV is more than a simple cable channel for it is currently opening an N screen era; it utilizes all devices such as satellite channelling, IPTV, DMB, Smart TV, and Smart phones. Korea Business TV is also loaded into apple TV which has allowed it to grow as a global media which is acceptable by global subscribers. Furthermore, they are currently strengthening their web based platform which allows the use of professional broadcasts.
Korea Business Daily TV is also helping men, women, and persons with disabilities by introducing jobs through its “Youth Employment Academy”. It is an outsource project by “TV Work Net”, and is a part of the Ministry of Employment’s Society contribution project.
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