Skylife, Korea’s unique satellite TV station, is rising surprisingly this year after four-year consecutive steady profit. The company during the early few years since its opening on March 2002 had been branded as “hopeless headache” to the investors and the government. The satellite TV wearily struggled to capture city’s viewers with CATV already dominating in crowded apartments. It also faced tough resistance of regional terrestrial TVs, which were fearful that their key stations’ programs relayed by the satellite channels would deprive regional viewers of them. Regional broadcasts unions required the satellite TV not to relay their central broadcasting completely. Skylife absolutely could not accept the unions’ argument. After undergoing many twists and turns, it settled down that regional broadcasting is being relayed and given one superstation channel for the regional broadcasts.
Skylife held the regular shareholders’ general meeting on April 25, 2010 and settled the accumulated deficits through the last four-year net profit and and reduction of the capital. A high-post executive said, after the general meeting, that the company would show two-digit growth rates of each sales and net profit this year and surpass 3 million subscribers within the end of this year.
The main factors for the strong soaring are indicated two: the first is a special service combining its satellite TV and IPTV’s VODs of KT (Korea's second largest telecommunication company). The subscribers can enjoy real-time channels like CATV and additionally can watch tens thousands VODs of IPTV except for the IPTV’s real-time channels. KT is the largest shareholder of Skylife.
The second factor is that Skylife is broadcasting 61 high-definition channels about two times than 30-40 ones of CATV. This HD-centered channels strategy has helped to give it to form a high-class image.
The CATV presently accounts for over 80 percent (15 million subscribers) of the whole viewers and has been threatening the terrestrial and satellite TV positions during the last 10 years. But recently the CATV experienced the first decrease of its subscribers on the quarter basis. The strong surge of Skylife is shaking the firm castle of CATV. (The end)
2010년 5월 4일 화요일
2010년 3월 6일 토요일
The Separation of Korean Unions
Lee Seok-Che(president of KT) and Kim Gu-Heon (its union leader) adopted the ‘Joint Declaration for Creative New Culture between the Labor and Management’ in March 5, 2010 at Olleh Campus located in Seo-cho dong Seo-cho gu Seoul.
The joint declaration contains ▲ the initiative of corporate value creation & permanent continued peace between the labor and management ▲ efforts of employment stability & exertion of the win-win program for both parties ▲ action of social responsibility ▲ job-creating.
The KT’s labor and management additionally agreed to set up scholarship funds of 400million won for poor students of secondary and high schools. The funds are formed by union dues and company’s donation.
KT union which is one of the largest unions last July withdrew from the Korean Confederation of Trade that has been blamed for the radical movement. There is another moderate unions organization, the Federation of Korea Trade in Korea.
Before this, ‘New Hope Coalition’, the third unions organization, held its inauguration in March 4, 2010 at the Civil Servant Training Center of Seoul City Government, where 120 leaders and executives of 40-odd unions participated. This newly organized confederation includes KT, Hyndai Heavy Industries, Seoul Metro, National Federation of Region Public Corporations Unions, National Federation of Civil Servants Unions, National Federation of Civil Servants Unions of the Local Offices of Education, etc. They adopted the establishing purposes that they would promise a clean labor movement, serve laborers and the people. Especially, they stressed a labor movement trusted by the people, through policies and cooperation rather than physical activities. They stated clearly that they would seek not political purposes and solutions, but practical benefits for themselves.
The conservative is welcoming this separation as an reasonable choice. We cannot know now that the separation leads to sudden nominal loose unions, in fact, similar to a collapse of labor movement in Korea. But it seems certain that the split would accelearte weakening the unions’ solidarity. (The end)
The joint declaration contains ▲ the initiative of corporate value creation & permanent continued peace between the labor and management ▲ efforts of employment stability & exertion of the win-win program for both parties ▲ action of social responsibility ▲ job-creating.
The KT’s labor and management additionally agreed to set up scholarship funds of 400million won for poor students of secondary and high schools. The funds are formed by union dues and company’s donation.
KT union which is one of the largest unions last July withdrew from the Korean Confederation of Trade that has been blamed for the radical movement. There is another moderate unions organization, the Federation of Korea Trade in Korea.
Before this, ‘New Hope Coalition’, the third unions organization, held its inauguration in March 4, 2010 at the Civil Servant Training Center of Seoul City Government, where 120 leaders and executives of 40-odd unions participated. This newly organized confederation includes KT, Hyndai Heavy Industries, Seoul Metro, National Federation of Region Public Corporations Unions, National Federation of Civil Servants Unions, National Federation of Civil Servants Unions of the Local Offices of Education, etc. They adopted the establishing purposes that they would promise a clean labor movement, serve laborers and the people. Especially, they stressed a labor movement trusted by the people, through policies and cooperation rather than physical activities. They stated clearly that they would seek not political purposes and solutions, but practical benefits for themselves.
The conservative is welcoming this separation as an reasonable choice. We cannot know now that the separation leads to sudden nominal loose unions, in fact, similar to a collapse of labor movement in Korea. But it seems certain that the split would accelearte weakening the unions’ solidarity. (The end)
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