Rebecca Souw Korean media conglomerate, CJ ENM Tuesday announced the launch of a new production arm. It is expected to focus on producing content for exclusively streaming platforms in Korea and overseas.The unit, named CJ ENM Studios, will be the group’s third TV production hub after drama production powerhouse Studio Dragon (“Crash Landing on You,” “Hometown Cha-Cha-Cha,” and “Sweet Home”) and U.S.-based premium global content firm, Endeavor Content, acquired earlier this year.CJ ENM also controls the Tving streaming platform that sees itself as a challenger to Netflix within Korea and which also has ambitions to ride the Korean wave and build a significant overseas presence.