Three of the nation's largest broadcasters have agreed to jointly air seven major sports events.

KBS, MBC and SBS agreed on Thursday to air the Summer and Winter Olympics, the FIFA World Cup games, FIFA "A" Matches, the Asian Games, the World Baseball Classic, and the qualifying rounds of both the World Cup games and Olympic soccer for Asian nations.

In addition, when liscensing to broadcast other sports games that are considered of public interest under the nation's broadcast law, the three major firms will sign deals together with the host of the event.

The agreement includes measures to strictly punish any of the broadcasters that breach the contract.