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Google chief agrees to set up Korean pop music-only YouTube channel

All Headlines 15:00 November 07, 2011

SEOUL, Nov. 7 (Yonhap) -- Google executive chairman Eric Schmidt agreed Monday to set up a Korean pop music-only YouTube channel when he met with South Korean President Lee Myung-bak, the presidential office said.

Schmidt arrived in Seoul earlier in the day for a series of meetings with local telecommunications and electronics firms, including KT and SK Telecom, as well as the chief of the communications and broadcasting watchdog Korea Communications Commission.

He also paid a visit to the president and the two discussed trends in the global IT market and ways the global IT giant and South Korea could cooperate, the presidential office said in a statement.

Lee and Schmidt agreed that Google and Korean IT firms have faired well in the international IT market through cooperation with each other, and the two sides could continue to be excellent partners in the future, the statement said.

Schmidt also talked about the importance of an open and global-oriented attitude to renovating and moving the world Internet market forward, and agreed to study various ways to support start-up firms to increase cooperation with South Korea, it said.

In particular, Schmidt agreed to help spread the international popularity of Korean pop culture, known as "hallyu" or Korean wave, including establishing a YouTube channel exclusive for Korean pop music, the statement said. It did not offer further specifics on the channel.

Lee called for greater cooperation between Google and South Korean firms, saying his government is trying to help make the Internet industry more creative and to develop new future growth engines out of the industry, it said.


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