SEOUL, Feb. 12 (Korea Bizwire) — Samsung Electronics Co. will join hands with Netflix Inc., the world’s leading streaming entertainment service provider, on mobile entertainment as the South Korean tech giant looks to expand partnerships with global media and IT service giants upon the introduction of its new smartphones. Netflix confirmed that it has become [...]
SEJONG, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has ordered Netflix Inc., a global internet entertainment service provider, to amend “unfair” terms and conditions in its subscription contracts. The Fair Trade Commission (FTC) said Netflix is required to notify subscribers of its plan to change fees and obtain consent from [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Koreans spend the most time on YouTube, a recent study has revealed. Industry tracker WiseApp conducted a study on 40,000 Android smartphone users nationwide, looking at the number of active users and the amount of time spent on YouTube last December. The study revealed that South Korean users [...]
SEOUL, Nov. 28 (Korea Bizwire) — Netflix has been speeding up efforts to strengthen strategic partnerships with South Korean content creators in an apparent move to expand its influence in the country’s burgeoning streaming service market. Last week, the U.S.-based streaming giant inked a deal with CJ ENM, an entertainment unit of CJ Group, and [...]
SEOUL, Nov. 25 (Korea Bizwire) — U.S. media services provider Netflix Inc. aims to cooperate further with South Korean and Asian content providers who can appeal to the global audience, its CEO said Monday. “At Netflix, we are excited to be part of this K-wave and the broader Asian-wave everyone here is working to create: [...]
SEOUL, Nov. 12 (Korea Bizwire) — Netflix Inc. had an estimated 2 million paid viewers in South Korea as of the end of October, more than doubling from a year earlier, data showed Tuesday. South Korean subscribers to the U.S. video streaming platform numbered 810,000 in October 2018, according to the data from industry tracker [...]
SEOUL, Oct. 24 (Korea Bizwire) — As Netflix’s upcoming film “The King” hit South Korean screens this week, the global media giant’s theatrical release plans have again emerged as a hot potato in the local cinema market. Megabox, one of the three biggest multiplexes along with CGV and Lotte Cinema, said Tuesday that it would [...]
SEOUL, Sept. 30 (Korea Bizwire) — As South Korean broadcasters and IT firms scurry to reorganize and launch new over-the-top (OTT) services, the question of how to create bankable content is determining survival in the Netflix-led market. The country’s three terrestrial broadcasters — KBS, MBC and SBS — opened a new over-the-top (OTT) platform service, [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s largest over-the-top (OTT) service will officially become available later this week as it bids to take on global media giants such as Netflix, Inc., a joint venture providing the service said Monday. The new platform, dubbed “Wavve,” will go online on Wednesday, with an aim of accruing [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korean cartoonist Chon Kye-young’s works — comic books like “Unplugged Boy,” “Audition” and “DVD” — gained huge popularity among teenage girls in the late 1990s for their unique characters and stories. Years later, Chon generated a sensation among teens once again — this time with a web-based cartoon [...]