SEOUL, April 13 (Korea Bizwire) — Netflix saw its revenue more than double in South Korea last year as the video streaming giant enjoyed rapid user growth amid the pandemic, its filing showed Tuesday. Netflix Services Korea Ltd.’s sales last year stood at 415.45 billion won (US$356 million), up 123.5 percent from the previous year, [...]
SEOUL, April 8 (Korea Bizwire) — Global streaming giant Netflix is ending its free one-month trial service in South Korea. As of Wednesday, the company ended the 30-day trial service in South Korea, five years after the company began South Korean operations in January 2016. The free trial service, which Netflix has offered since shortly [...]
SEOUL, March 18 (Korea Bizwire) — South Koreans are estimated to have spent more than 70 billion won (US$62.4 million) for Netflix’s video streaming services last month, more than tripling from the previous year, data showed Thursday. Local credit and debit card payments on the video streaming platform reached 72.5 billion won in February, the [...]
SEOUL, March 15 (Korea Bizwire) — Active users of video streaming apps by Netflix Inc. on their mobile devices topped 10 million in South Korea last month, more than doubling from the start of last year, data showed Monday. The video streaming platform recorded 10.01 million Android and iOS users in the country in February, [...]
SEOUL, March 11 (Korea Bizwire) — Global streaming service giants like Netflix and Apple TV+ have been expanding their slate with Korean TV series and shows, popular among Asian viewers, as part of their strategies to tap into the populous region. Netflix, a leading U.S. media company, earlier announced its plan to spend US$500 million [...]
SEOUL, Feb. 25 (Korea Bizwire) — Global streaming service Netflix said Thursday that it will funnel US$500 million into creating South Korean projects this year, including two films. “Netflix has more than 200 million paid users across the world, including 2.8 million in South Korea,” Kim Min-young, vice president of Netflix, said in an event [...]
SEOUL, Feb. 18 (Korea Bizwire) — Kim Eun-hee, 41, is a casual moviegoer who would normally go to theaters once or twice a month to hang out with friends on weekends. But last year, she never once went to the cinema, partly out of fears of possibly being infected with the novel coronavirus in a [...]
SEOUL, Feb. 15 (Korea Bizwire) — Global streaming giant Netflix saw its subscriber numbers soar in South Korea last year due to changes in people’s media usage patterns caused by the coronavirus pandemic, a report said Monday. According to the report by market research firm Nielsen Korea, the monthly unique visitors to Netflix in South [...]
SEOUL, Feb. 7 (Korea Bizwire) — “Space Sweepers,” an outer space sci-fi blockbuster directed by Jo Sung-hee of South Korea, ranked first among Netflix films a day after its release worldwide, a chart showed Sunday. The movie, starring Song Joong-ki and Kim Tae-ri, made it to the top with 525 points as of Saturday, according [...]
SEOUL, Feb. 2 (Korea Bizwire) — Over 66 percent of South Koreans used over-the-top (OTT) media, or video streaming services, last year amid the stay-at-home trend driven by the pandemic, a survey showed Tuesday. South Korea’s OTT usage rate stood at 66.3 percent in 2020, compared with 52 percent the previous year, according to a [...]