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Posted: Wed., Mar. 19, 1997

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SOUTH KOREA

Playboy to launch June 15

Playboy Enterprises has formed a partnership with Daewoo Corp. to launch a Playboy TV network in South Korea on June 15.

The 24-hour network will initially be offered in hotels with plans to deliver it via cable and direct-to-home satellite service shortly thereafter. Daewoo will control an 85% stake in the venture with Playboy holding a 15% stake --- the highest equity position a foreign company can take.

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