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Local OTT Giant Wavve Sees Drop in Active Users, Netflix Soars

Local OTT Giant Wavve Sees Drop in Active Users, Netflix Soars

SEOUL, June 17 (Korea Bizwire) — The number of monthly active users of local video streaming service giant Wavve declined over the past months, while that of Netflix soared to cement its top status, a report showed Thursday. Wavve, which was launched last September by South Korea’s top mobile carrier SK Telecom Co. and terrestrial [...]

Netflix Estimated to Have Record-high Subscriptions in S. Korea in April

Netflix Estimated to Have Record-high Subscriptions in S. Korea in April

SEOUL, May 26 (Korea Bizewire) — Global video streaming platform Netflix Inc. is estimated to have brought in record-high paid subscriptions in April amid the coronavirus pandemic, industry data showed Tuesday. An estimated 2 million paid viewers in South Korea presumably paid 43.9 billion won (US$35.5 million) for subscriptions last month, up 21 percent from [...]

Netflix Pressed to Share Network Costs in S. Korea

Netflix Pressed to Share Network Costs in S. Korea

SEOUL, May 21 (Korea Bizwire) — Netflix, the world’s leading video streaming service provider, will come under growing pressure to share the network costs here following the revision to related laws, industry sources said Thursday. On Wednesday, the National Assembly approved the revision to the country’s telecommunications business act, which stipulates, in a nutshell, foreign [...]

Tech Giants Take Advantage of Legal Gray Area, to the Detriment of S. Korean Consumers

Tech Giants Take Advantage of Legal Gray Area, to the Detriment of S. Korean Consumers

SEOUL, May 6 (Korea Bizwire) — Global tech companies, which are making huge profits in South Korea, have been criticized for their behavior in the local market, by failing to comply with domestic policies or excluding the country from major services. Netflix Services Korea Ltd., the Korean unit of the U.S. streaming giant, filed a [...]

Netflix Files Suit Against Local Internet Service Provider over Network Usage Fees

Netflix Files Suit Against Local Internet Service Provider over Network Usage Fees

SEOUL, April 14 (Korea Bizwire) — Netflix, the world’s leading video streaming service provider, has filed a lawsuit against a local internet service provider over network usage fees, industry insiders said Tuesday. Netflix Services Korea Ltd., the Korean unit of the U.S. streaming giant, filed the suit against SK Broadband Inc. requesting a Seoul court [...]

Coronavirus Outbreak a Boon for Netflix

Coronavirus Outbreak a Boon for Netflix

SEOUL, Feb. 28 (Korea Bizwire) — Online traffic for Netflix Inc., the global entertainment service provider, jumped in the last few days as more people are staying indoors to fend off the coronavirus. Global Big Data Research, a South Korean big data analysis agency, studied the amount of online traffic of seven over-the-top (OTT) platforms [...]

Samsung Partners with Netflix on Mobile Entertainment

Samsung Partners with Netflix on Mobile Entertainment

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 [...]