Corporate Bits | Twentieth century fox plans theme park in korea

Initial plans for Twentieth Century Fox World Korea include a theme park spanning more than 75 acres of land, which will be part of a leisure resort more than 700 acres in breadth. The development will bring to life a fully immersive entertainment experience, featuring some of Fox’s most recognizable and beloved film and television brands. The park will be located in the Ungdong Area of the Busan-Jinhae Free Economic Zone, Jinhae-gu, Changwon City. Operating partner Village Roadshow – one of the leading independent entertainment companies in the world – joins the group as a design and development consultant, and as the manager of the studio theme park.
“We are signing the agreements and moving forward with plans for our global theme park project with Twentieth Century Fox Consumer Products to develop a world-leading theme park, and with Village Roadshow to operate the theme park. We will make every effort to successfully develop this global theme park through close cooperation with Fox and Village Roadshow. Once the theme park is completed, we expect more than 10 million foreign and local tourists will visit, and [that] the local economy will be boosted by creating 30,000 jobs, which is equivalent to attracting 100 manufacturing businesses,” said Gyeongsangnam-do Province governor Hong Joon-pyo.

CTM’S “Convergent rating and billing system”

With the aim of enabling the development of innovative telecom services, CTM has invested over MOP120 million in a new “Convergent Rating and Billing System.” The system, which comprises rating, billing and mediation, will initially enable customers to obtain the user information for their telecom services in an efficient and timely manner. In addition, the new platform will give CTM the flexibility needed in order to offer their customers innovative next-generation telecom services, across multiple access options. Yesterday CTM announced the launch of the first phase of its “Convergent Rating and Billing System,” which will now support all mobile prepaid services. In the long run, there will be improvements in the ease with which customers can monitor and obtain information on their personal usage, as well as being able to activate and change between services.
To cope with the launch of the first phase of the “Convergent Rating and Billing System,” CTM conducted a major upgrade to its mobile prepaid platform during the night of July 15/16. As a result of the concerted efforts of CTM’s project team, the upgrade was successfully implemented with the minimum disruption to customers. All mobile prepaid service features have resumed normal function as scheduled.

CEM maintains electricity tariff unchanged for all tariff group a customers

According to the calculation made under the concession contract, the third quarter Tariff Clause Adjustment (TCA) will be 46 cents per kWh, an increase of 1 cent per kWh in comparison with the previous quarter.
In light of its social responsibility, and considering the impact of an increased TCA on the community, CEM has announced that the TCA of Tariff Group A (mainly residential customers, and small and medium-sized enterprises supplied with low voltage, accounting for more than 99% of all customers) will remain unchanged at 36 cents per kWh in the third quarter of 2014. Having made this decision with the government’s support, the subsidy for Tariff Group A customers will be increased from 9 cents to 10 cents.
On the other hand, the TCA of Tariff Groups B, C and D will be adjusted to 46 cents per kWh, according to the contractual calculated value, which is 1 cent more than the previous quarter.
According to a press release issued by CEM, the company has been reducing the impact of the TCA since 2008, in order to manage rising electricity tariffs, as part of its commitment to fulfilling its corporate social responsibility.