The Korea Communications Commission has cleared the way for Web-based television to launch later this year, following a four-year delay, The Korea Herald reported Saturday.

The KCC has finalised ordinances of the new IPTV (Internet protocol television) law, which will make available IPTV unrestricted services.

The new rules state that a conglomerate with assets of less than 10 trillion won (US$9.7 billion) will be allowed to provide the Web TV services, and broadcasters will need three trillion won, according to The Korea Herald article, posted by Asia Media.

The five-member KCC committee took “quite some time to reach an agreement because of wide differences of opinion as to whether the investment barrier should be lowered, a KCC official said, The Korea Herald reported.

About 90 percent of Korean households use broadband Internet services; however, cable and satellite television dominates the consumer market, the article stated.