openPR Logo
Press release

CEO of Synergy Media reveals status of Korea Animation Industry in a fast changing market

09-26-2007 07:37 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: KOCCA USA

/ PR Agency: MediaPRwire
Kang, Eugene Yu-sin details structural changes and developments that resulted from the rapid globalization and quality improvement of Korean animation production

Seoul, Korea -- (September 25, 2007) – Decision makers and buyers of animation shows or co-producers in a production company may have heard about the emergence of quality Korean animations, particularly of its 3D animation technology and of co-production ventures. Over six years of experience working with foreign production companies and selling Korean animations directly to overseas buyers has given me the chance to reflect upon both the opportunities and dilemmas that the Korean animation industry faces today and in the future.

The industry can be summarized by the following three characteristics. First, 3D Computer Graphic animation which is based on original concept and property of Korean animation studio has become a rising value-added industry in Korea. Secondly, the increasing amount of co-productions with foreign companies has increased the production and distribution capabilities of Korean animation companies to the point where the sharing of human resources and finance has made them into a more globalized force in terms of worldwide sales. And lastly, the rapid development of Korea’s new media industry has created new business opportunities and distribution options for Korean aimations with the emergence of DMB (digital media broadcast), Wibro (wireless broadband), and IPTV (Internet protocol television) technology, along with the existing traditional terrestrial and cable/satellite television channels.

The Korean animation industry is facing a number of dilemmas due to these market characteristics. The unit price of OEM production has risen significantly over the past few years, much higher than the prices of other developing East Asian countries such as India or China, turning foreigners over to cheaper alternatives. The domestic Korean animation market soon decreased in size, reducing the amount of funding and investing. And the appearance of new media, such as IPTV, has made the distribution process and broadcasting business more obscure.

The obstacles that the Korean animation industry faces are not just cause for concern from a domestic point of view, but also affect the global industry as a whole. Then what kind of opportunities does the Korean animation have on the industrial side?

1. Top-notch production staff that have ample creative power and the technological capabilities and capacities to produce high-quality digital animation. Much of this comes from enhancing new characters, development and having the ability to direct animated programming.
2. To have an already built-in infrastructure and environment for the integration of new media, with which it can be a proper test market for the appropriate animated show and its new content format development. This gives them the possibilities of developing or industrializing the complex content for OSMU.
3. Having the communication skills through experience with many overseas co-production projects and understanding production schedules and budgets.
4. To be structured with lower production costs compared to other Western developed countries.
5. To be supported by the governmental agencies, such as KOCCA, with all aspects of creative organization, production and business development. (Example: supporting the pilot production - a part of the creation supporting business, offering 100 million KRW for production cost in max/work, supporting the pilot program production. Star Project - selecting 3~4 works per year and supporting 1 billion KRW production cost in max/work, including worldwide PR and marketing support)
6. To be expected to play a role within the fast growing Chinese economy and industry. So much business opportunities exist between China and Korea in the field of animation, especially as China has such a long history and relationship with Korea.

Based on these unique opportunities, Korean animation production or distribution companies continue to seek overseas partners. Some Korean animations have already been produced by major, well-known foreign production and distribution companies that are being broadcasted on the worldwide channels as well as generating profits through licensing. Korean animation has broken out of its concentration of East Asia and hit the global scene, a good sign of more things to come in the future.

Opportunities are abound in Korea, a region with an industry and the capabilities to be a trustworthy partner in animated co-productions.

Contact:
Eugene Kang
President of Synergy Media
info@synergymedia.co.kr

###

KOCCA USA
5509 Wilshire Blvd. 2 FL.
Los Angeles, 90036
Tel: 1.323.935.5001
Fax: 1.323.935.1101

About KOCCA(Korea Culture&Contents Agency)
The Korea Culture & Contents Agency (KOCCA) is creative contentes division of South Korea's Ministry of Culture & Tourism. KOCCA is committed to fostering the growth of Korean Creative content such as animation online gaming, cinema, music and mobile content in Unites States.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release CEO of Synergy Media reveals status of Korea Animation Industry in a fast changing market here

News-ID: 29151 • Views:

More Releases from KOCCA USA

Korean Animations attract significant interest from European, American and Asian …
“Mix Master” and “Psi-Kix” continue to gain popularity in key global territories “Psi-Kix”, a full made-for-TV 3D animation action adventure series is set to become a trendsetter for how other 3D animation projects will be produced, drawing great interest from European and American broadcasters. The series, developed and produced by DigitalTetra Inc. (DTI) in Korea, is made up of 26 episodes, with each episode 22 minutes and 30 seconds long. Premiered first
KOCCA Appoints Experienced Cultural Content Industry Veteran as Its New CEO
Seoul, Korea-Nov, 6. 2007- Ko, S. Man has been named as the new CEO & President of the Korea Culture and Content Agency (KOCCA) as of October 19, 2007. For the last 35 years, Ko has worked as MBC TV Producer and distinguished Executive Director, amounting considerable experiences in the cultural content industry. He was also previously the CEO at EBS and Director at MBC TV, and has been widely considered
KOCCA USA Offers Opportunities for Partnership with Korean Content at DICON Holl …
KOCCA USA Arranges Biz Matching Meetings for 12 Korean Producers with U.S. Media Representatives During the Two-Day Event at the Pacific Design Center in Los Angeles LOS ANGELES, CA – October 4, 2007 – KOCCA USA (Korea Culture & Content Agency) , a government supported agency that helps showcase prominent Korean content to the U.S. market, has announced that they will host a special business matching event, IR Roadshow, during
KOCCA USA to host DICON Hollywood at PDC in Los Angeles
Leading Korean companies and industry executives to speak and display digital content during a two-day event in Los Angeles LOS ANGELES, CA –October 3, 2007 – KOCCA USA (Korea Culture & Content Agency) , a government supported agency that helps showcase prominent Korean content to the U.S. market, has announced that they will host DICON Hollywood at Pacific Design Center in Los Angeles on October 16 and 17, 2007. The two-day event

All 5 Releases


More Releases for Korea

Talk Talk Korea 2025 Invites Global Submissions for a Chance to Visit Korea
Join Talk Talk Korea 2025: Submit Your Creative Take on Korea by August 5! The Ministry of Culture, Sports and Tourism (Minister Yu In Chon, MCST) will hold an international content contest, "Talk Talk Korea 2025" from June 2 (Monday) to August 5 (Tuesday), and is inviting people around the world to participate. Image: https://www.globalnewslines.com/uploads/2025/06/3475f2aed29a9215f452a1af29735fff.jpg Marking its 12th anniversary this year, the contest has grown into a major event for Hallyu content, and
Korean Red Ginseng Market to Witness Huge Growth by 2031 -Korea Ginseng Corp., D …
DataM Intelligence has published a new research report on "Korean Red Ginseng Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status. Get a Free Sample Research PDF
Stem Cell Therapy Market | Smith+Nephew (UK), MEDIPOST Co., Ltd. (South Korea), …
Stem Cell Therapy Market in terms of revenue was estimated to be worth $286 million in 2023 and is poised to reach $615 million by 2028, growing at a CAGR of 16.5% from 2023 to 2028 according to a new report by MarketsandMarkets. The global stem cell therapy market is expected to grow at a CAGR of 16.8% during the forecast period. The major factors driving the growth of the
2021 South Korea Power Market Report- Major Generating Companies: Korea Electric …
South Korea Power Market Report study provides detailed information to understand the imperative market parts that align with the business decision related to raw materials, demand, and production capacity. In addition, South Korea Power Market analysis provides demands for the future, besides the available opportunities for the individuals. This helps manufacturers and clients understand the past trends and analyze the future trend. Get FREE PDF Sample of the Report @
Global Bamboo Salt Market Research Study, Future Prospects and Growth Drivers to …
Global Bamboo Salt Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2028, recently distributed by IndexMarketsResearch systematically arranges the foremost components of the market study. The report helps customers in anticipating investment in an developing market, extension of market share, or accomplishment of a new product with the help of global Bamboo Salt market research analysis. The worldwide Bamboo Salt market segmentation is controlled intimately upheld various parameters
South Korea Agriculture Market | South Korea Agriculture Industry | Covid-19 Imp …
Agriculture in South Korea may be a sector of the economy of South Korea. The natural resources needed for agriculture in South Korea aren’t torrential. Two thirds of the country are mountains and hills. Productive land solely accounts for 22 percent of the country's land. The foremost vital crop in South Korea is rice, secretarial regarding 90 percent of the country's total grain production and over 40 percent of farm