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Recently the development of information technology including digital convergence and ubiquitous computing leads to an innovative evolution which is called as ‘the second internet revolution.’ IPTV which acts as a core service of broadcasting and telecommunication convergence is going through a lot of changes by the development of information technology. The existing legal regulation which separates broadcasting and telecommunication on IPTV does not guarantee the efficiency of the regulation and the development of related industries because there is an overlap between broadcasting and telecommunication. In 2008, Korea Communications Commission was established for the purpose of directing regulation on IPTV and 「Internet Multimedia Broadcasting Act」 was enacted as a legal foundation for IPTV. Although there have been many discussions on the direction and the contents of IPTV regulation, it was hard to reach a general consensus. It seems to be due to the complexity and the diversity of IPTV service.In order to formulate the efficient regulating system, the open concept of the convergence between broadcasting and telecommunication should be required. The convergence is based on the combination of hardware, software and network. This study suggests the direction of legal regulation from an angle of administrative law based on understanding the concept of IPTV as a core service of broadcasting and telecommunication convergence. Then it analyzes the existing regulation which are divided into categories, entry regulation, unfair practice regulation, monopoly and oligopoly regulation, and content regulation. The next step is drawing the administrative law issues and problems on each regulation, and considering improvement of administration inquiry, correct order, fine payment system. In addition, it studies content regulation, self-regulation and the direction of technology regulation.