CJ Hello said on Wednesday it has launched an industry consultative body with five other cable TV operators to look for new growth drivers in the market with innovation from their combined technology and service expertise.

The new organization tentatively called One Cable Club aims to seek future-oriented business, focusing on innovation-driven growth of cable TV.

The consultative body is formed around CJ Hello’s intelligent TV platform Alaska.

The member companies include Hyundai HCN, JCN Ulsan Broadcasting, NIB South Incheon Broadcasting, KCTV Gwangju Broadcasting and GCS Green Cable Television Service.

The member companies agreed to concentrate on preemptive responses to market dynamics to raise the competitiveness of the local cable TV industry. As the industry continues to discuss the introduction of the Alaska platform, more companies are expected to join the consultative body over time.

On Tuesday, One Cable Club Day was held at CJ Hello’s Seoul headquarters in Sangam-dong, where the six companies discussed ways to raise cooperation in strengthening the competitiveness of the cable TV platform, achieving the economies of scale, and responding to Over-The-Top (OTT) internet video streaming service providers. The meeting also demonstrated various products and solutions that can create synergy with cable TV.

“One Cable Club Day is a next-generation growth engine and platform for cable TV platform innovation. We will run One Cable Club Day regularly to make it as a model for win-win growth in the industry,” said Kim Hong-ik, CJ Hello’s technology executive.

By Kim Seung-han and Minu Kim

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