Three terrestrial broadcasters, including SBS, and SK Telecom have decided to launch a new corporation for a new video service that integrates 'corn' of SK Broadband with 'Fuk' of three terrestrial broadcasters.

Terrestrial content such as real-time broadcasts and drama will be combined to create a native online video service that faces foreign media such as Netflix.

Three broadcasters and SK Telecom will lead the domestic media market with differentiated content for the 5G era and plan to advance overseas to spread the Korean Wave.