The Ministry of Culture and Tourism (MCT) will invest a total of 2.7 trillion won ($2.7 billion), from 2006 to 2010, to support the development of new media contents, including digital multimedia broadcasting (DMB) and portable Internet (WiBro).
An official of the MCT said that the ministry is mapping out a plan to support three projects of the new media industry _ the new media contents material bank project, construction of media manufacture information system and Korea-type NewsML R&D project.
First of all, the ministry will push for the new media contents material bank project, which dep