SEOUL, Sept. 24 (Korea Bizwire) — As the popularity of over-the-top (OTT) platforms continues to expand, recent data shows that roughly two-thirds of Generation Z South Koreans between 15-24 years of age were found to be watching videos via OTT services more than on TV. SK Telecom Co. reported on Wednesday that 62.5 percent of Generation [...]
SEOUL, Sept. 23 (Korea Bizwire) — A leaked document is making the rounds in the streaming community in South Korea after it exposed what could possibly be the subscription pricing for the Disney Plus, a major competitor against Netflix. A recent post on Twitter and other social media revealed that a Disney Plus mobile subscription [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea’s zombie thriller “#Alive” has become the most-streamed movie in the world on Netflix, the film’s local distributor said Friday. Citing data by streaming analytics firm FlixPatrol, Lotte Entertainment said the movie starring Yoo Ah-in and Park Shin-hye placed first on the top movie chart as of Thursday, [...]
SEOUL, Sept. 9 (Korea Bizwire) — Netflix plans to next month release a documentary chronicling BLACKPINK’s four-year journey from talented trainees to K-pop superstars. The streaming giant and YG Entertainment, the band’s agency, said Wednesday “BLACKPINK: Light Up the Sky,” the first Netflix film about a South Korean music band, will premiere Oct. 14. It [...]
SEOUL, Sept. 9 (Korea Bizwire) — After the enforcement ordinance for the revision of the Telecommunication Business Act, the so-called ‘Netflix Free Ride Prevention Act,’ was unveiled, South Korea’s homegrown Internet companies voiced strong concerns about key provisions such as service maintenance and application standards. The enforcement ordinance of the Telecommunication Business Act, announced on [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s three major telecom operators are strengthening video streaming services, industry officials said Friday, as online media consumption grows amid the COVID-19 pandemic. The telecom firms — SK Telecom Co., KT Corp. and LG Uplus Corp. — have focused on boosting their over-the-top (OTT) media services or expanding [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s homegrown streaming media service platforms seem to be losing their competitive edge to global media giant Netflix, which has been rapidly expanding its influence in the country. Last week, the U.S. over-the-top (OTT) service firm partnered with local telecom operator KT to offer its streaming service on [...]
SEOUL, Aug. 5 (Korea Bizwire) — Global streaming giant Netflix Inc. has topped South Korea’s over-the-top (OTT) service ranking in the four years since its debut, largely thanks to a localization strategy focused on investing massive sums into the production of local content, experts say. Initially, Netflix faced unwilling customers who weren’t used to the [...]
SEOUL, July 31 (Korea Bizwire) — Global streaming giant Netflix Inc. may further boost its presence in South Korea as its subscribers will have more access to the service through its partnership with local telecom operator KT Corp. KT said Friday it will start offering Netflix’s service on its pay TV platform, with KT’s Olleh [...]
SEOUL, July 21 (Korea Bizwire) — The Japanese unit of the U.S. streaming giant Netflix is at the center of criticism after calling South Korea’s Gwangju Democratization Movement a ‘riot’ during its introduction of South Korean film “A Taxi Driver.” The 2017 box-office hit tells the story of a Seoul taxi driver who happens to [...]