Ludwig Enterprises Inc. Board of Directors announced that the company and New World Global Inc. have reached a fundamental agreement for deployment of Ludwig's new digital technology in South Korea. New World Global Inc. has agreed to purchase licensing rights for a five-year renewable term. The licensing agreement is for the patented technology owned by Ludwig for transmission of 50 audio channels over South Korea's new ATSC digital TV networks. Over 48 million persons live within the licensed area. Licensing fees are being finalized according to a schedule dependent on activations and agreed benchmarks.