News
[PSUs]| Monday 12th June 2006 |
Korea stops music file-sharing
12:54PM, Monday 12th June 2006
Korean file sharing services have banded together and agreed to block p2p downloading of music files.
From last Friday a majority of p2p services said that they would intercept files, in a country where the value of CD sales has fallen by 70 per cent in five years.
'We held an urgent meeting last week, and eight of 11 member companies agreed to block MP3 files until we find ways to charge users,' said spokesman Jun Hyun-sung.
Koreans had paid around 50 won, less than 3p, to download an entire album, with none of the money passing to copyright holders.
The Korean Association of Phonogram Producers (KAPP), which represents the music industry, had threatened legal action unless the p2p companies took action by 12 June, today.
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