Seoul, Jan 30, 2021, SPA -- South Korea's ICT ministry said today, on Friday it will develop an artificial intelligence-powered translator for local video streaming services as part of its broader support plan for the fast-growing over-the-top (OTT) media industry, according to Yonhap. The Ministry of Science and ICT said it is pursuing the development of the AI-based translation technology as the country's OTT market experiences rapid growth and local OTT services begin eyeing overseas expansion with their Korean-language content. South Korea's OTT usage rate stood at 52 percent in 2019, compared with 42.7 percent the previous year, according to government data. The ICT ministry said it will strengthen support for local OTTs to capture more viewers, such as assisting coordination with device makers to target overseas markets. The ministry also plans to provide tax credits to encourage original content production and pursue a legal revision for OTTs to adopt a self-rating system for their content to speed up their release. --SPA 00:57 LOCAL TIME 21:57 GMT 0018 www.spa.gov.sa/w1495733