SEOUL, Apr. 23 (Korea Bizwire) — The number of South Korean users subscribing to U.S. video streaming platform Netflix Inc. has steadily increased to surpass the 1.5 million mark, mainly on the back of the popularity of original local content, industry data showed Tuesday. Netflix is estimated to have 1.53 million paid active streaming subscribers [...]
SEOUL, Mar. 28 (Korea Bizwire) — The number of South Korean users subscribing to U.S. video streaming platform Netflix Inc. more than tripled in one year, industry data showed Thursday, mainly on the back of the popularity of original local content. Netflix is estimated to have nearly 2.4 million active streaming subscribers as of the [...]
SEOUL, Feb. 21 (Korea Bizwire) — If the rise of global content streaming services like YouTube and Netflix have taught any lessons to those in the Korean media industry, one thing is for sure: You have to become big to survive. An explosive growth in demand for over-the-top (OTT) content in the world’s most-connected country [...]
SEOUL, Feb. 7 (Korea Bizwire) — KT Corp., South Korea’s largest broadband service provider, said Thursday it will expand its overseas network capacity to deal with a sharp rise in traffic caused by U.S. video streaming giant Netflix. KT joined its local peers in increasing its network capacity abroad to counter a growing number of [...]
SEOUL, Jan. 30 (Korea Bizwire) — A recent study revealed that U.S. media service provider Netflix Inc. has surpassed 10 billion won (US$8.9 million) in monthly revenue in South Korea. Wise App, a South Korean application analysis agency, said that as of December last year, there were 900,000 Netflix subscribers in South Korea, with monthly [...]
SEOUL, Jan. 24 (Korea Bizwire) — U.S. media service provider Netflix Inc. said Thursday that it aims to create more original content targeting global audiences regardless of their nationality or language. Netflix, which started as a video rental firm in 1997, currently has over 189 million paid memberships in over 190 countries enjoying both original [...]
SEOUL, Jan. 21 (Korea Bizwire) — Netflix on Monday unveiled to media its first original Korean drama series, which has drawn much anticipation for its big budget and acclaimed creative team. “Kingdom,” which premieres globally on the U.S. video streaming service Friday, is a genre-defining six-episode zombie mystery thriller set in the last Korean kingdom [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s fixed-line operator SK Broadband Inc. said Monday that it is pushing to increase its network capacity to deal with the growing number of people using services offered by U.S. video streaming platform Netflix. The company is planning to increase its data transfer speed for high-speed networks to [...]
SEOUL, Nov. 9 (Korea Bizwire) — Currently in Singapore to attend an event being held at the famed Marina Bay Sands hotel, Netflix COO Ted Sarandos spoke of the movie that first sparked interest in the Korean market. “The first original film that Netflix invested in was Bong Joon-ho’s 2017 flick, ‘Okja’,” said Sarandos. Although [...]
SEOUL, Oct. 15 (Korea Bizwire) — Korean TV broadcasters are undecided on how to best deal with Netflix, the global over the top (OTT) content provider that distributes streaming media. For now, the major terrestrial TV stations have stated that they will not sell their latest content to Netflix. But non-terrestrial TV production houses such [...]