SEOUL, Jan. 19 (Korea Bizwire) — South Koreans are estimated to have spent over 500 billion won (US$454 million) on global video streaming service Netflix last year, doubling the amount tallied the previous year, data showed Tuesday. Local credit card payments on the video streaming service are estimated to have reached 517.3 billion won last [...]
SEOUL, Jan. 18 (Korea Bizwire) – Riding on the burgeoning popularity of webtoon-based Korean TV series like “Sweet Home” and “The Uncanny Counter” at home and abroad, U.S. streaming service giant Netflix is ready to accelerate the trend by releasing more drama adaptations of online comics. The original series “All of Us Are Dead” by [...]
SEOUL, Jan. 7 (Korea Bizwire) — Amid the monthslong battle against the COVID-19 pandemic, a number of Korean TV series are lined up to catch the eye of viewers across the world with big-name stars and writers for the new year. Cable channel tvN, run by the entertainment giant CJ ENM, is ready with the [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korean science-fiction blockbuster “Space Sweepers” will be released on Netflix next month, the U.S. media giant said Wednesday. The film starring Song Joong-ki and Kim Tae-ri will be available to its subscribers in 190 countries on Feb. 5, the company said. Originally set to open in theaters last [...]
SEOUL, Dec. 11 (Korea Bizwire) — Walt Disney Co. has said it will launch its flagship streaming service Disney+ in South Korea next year, a move that could intensify competition between local and global streaming giants in the country. Disney said in a tweet for its investor day presentation on Thursday that South Korea is [...]
SEOUL, Dec. 5 (Korea Bizwire) — A law revision set to take effect next week will tighten rules for data-hungry internet giants, such as Netflix Inc., amid growing calls for stable services. Earlier this week, the Cabinet passed an amendment to the ordinance of the Telecommunication Business Act, stipulating that online content service providers are [...]
SEOUL, Dec. 1 (Korea Bizwire) — U.S. media giant Netflix is beefing up efforts to secure popular Korean-made films and shows as part of a strategy to boost its presence in the global streaming service market. Netflix, which launched its Korean service in 2015, said it set up a separate production firm, Netflix Entertainment Korea, [...]
SEOUL, Nov. 13 (Korea Bizwire) — The landscape of the South Korean streaming service market is facing seismic change as new players have been jumping into the booming sector in diversified forms. As the protracted novel coronavirus pandemic has accelerated the trend toward mobile-based binge-watching of content, e-commerce firms, like Coupang and online portal operators, [...]
SEOUL, Nov. 12 (Korea Bizwire) — As the latest Netflix original film, “Hillbilly Elegy,” has hit screens of South Korea’s two biggest multiplex chains of CJ CGV and Lotte Cinema, the yearslong conflict between major theaters and the global streaming giant has apparently come to an end amid the COVID-19 pandemic. CGV and Lotte Cinema [...]
SEOUL, Nov. 10 (Korea Bizwire) — U.S. streaming giant Netflix Inc. is estimated to have brought in record-high paid subscriptions in South Korea last month, industry data showed Tuesday. An estimated 3.62 million viewers in South Korea presumably paid 51.4 billion won (US$45.9 million) for subscriptions in October, almost twofold from 26.2 billion won in [...]