The report consists of three parts shedding light on the current status, problems of Korea's broadcasting and communication industry, and the latest issues. Part I examines the current trends and future prospect of Korean broadcasting and communication service market in two respective categories of communication and broadcasting. Part II compares the competitiveness of domestic broadcasting and communication industry with those of other countries and presents an analysis to draw implications and suggestions. Finally, Part III examines smart TV, which is seen as having the potential to reorganize domestic broadcasting and communication service market in the future.