Microsoft agrees on Internet TV joint venture in SKorea

0 Comments | AFP, January, 2008

SEOUL (AFP) — US software giant Microsoft agreed Tuesday to set up a joint venture with two South Korean firms for a foray into the country's nascent Internet TV market, officials said.

The deal reached here involves Microsoft, South Korea's second-largest portal Daum Communications Corp and local set-top box maker Celrun, said Daum spokeswoman Park Hyun-Jung.

Daum will provide content and know-how, while Microsoft agreed to offer its own internet-protocol TV (IPTV) solutions and focus on overseas marketing, she said. Celrun will provide equipment.

Internet TV allows viewers with a broadband connection to choose content as well as receive live programming.

South Korea, despite being one of the world's most wired societies, has been relatively slow to...