Korea New Network Co., Ltd. operates in the TV and radio broadcasting advertising business in South Korea and internationally. Its activities include sponsorship projects, culture, events, performances and exhibitions, as well as the production of content such as broadcasting programs and corporate promotional videos, and website operation. The company also provides real estate facilities management and rental management services, and leases real estate properties and broadcasting facilities. Formerly known as Busan Broadcasting Corp., it changed its name to Korea New Network Co., Ltd. in May 2006. The company was incorporated in 1994 and is headquartered in Busan, South Korea.