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Tuesday, July 27, 2004

TV producers get ready for action - Korea is coming

Television is thought to be an easy business to start developing a global presence.  Howevder, the ongoing convergence of the Internet with communications with entertainment made the life for producers more difficult.

Korea is now looking at the next power application in digital TV and as it is done the way the country is normally doing i, everything is planned out thoroughly.

In short, it intends to "digital TV will become the nation’s sixth global top 10 export item along with semiconductor goods, cars, cell phones, personal computers and ships." 

In fact, made-in-Korea digital TVs in the global market up to 40 percent by 2007 from the current 24 percent in 2003.

To quote some more:  The promising future digital TV market is globally expected to reach $50 billion by 2007. Our goal is to tap the market as one of the next generation growth engines. By then, we will expand product exports up to $15 billion, or 40 percent of the global market share.

As such, life just got a bit different for the likes of TCL International Holdings, a power, that just grew big last year, or Dell, that entered the TV business.  Who else is there?  Motorola wanted to get in again, Sony and many more.  So well, it is an exciting business, apparently.