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Rise of OTT Players Spurs Media M&As in S. Korea

Rise of OTT Players Spurs Media M&As in S. Korea

SEOUL, Feb. 21 (Korea Bizwire) — If the rise of global content streaming services like YouTube and Netflix have taught any lessons to those in the Korean media industry, one thing is for sure: You have to become big to survive. An explosive growth in demand for over-the-top (OTT) content in the world’s most-connected country [...]

Netflix Nears 1 Million Subscriber Milestone in S. Korea

Netflix Nears 1 Million Subscriber Milestone in S. Korea

SEOUL, Jan. 30 (Korea Bizwire) — A recent study revealed that U.S. media service provider Netflix Inc. has surpassed 10 billion won (US$8.9 million) in monthly revenue in South Korea. Wise App, a South Korean application analysis agency, said that as of December last year, there were 900,000 Netflix subscribers in South Korea, with monthly [...]

Netflix Aims for More Original Global Content

Netflix Aims for More Original Global Content

SEOUL, Jan. 24 (Korea Bizwire) — U.S. media service provider Netflix Inc. said Thursday that it aims to create more original content targeting global audiences regardless of their nationality or language. Netflix, which started as a video rental firm in 1997, currently has over 189 million paid memberships in over 190 countries enjoying both original [...]

Netflix’s First Original Korean Drama ‘Kingdom’ Unveiled to Media

Netflix’s First Original Korean Drama ‘Kingdom’ Unveiled to Media

SEOUL, Jan. 21 (Korea Bizwire) — Netflix on Monday unveiled to media its first original Korean drama series, which has drawn much anticipation for its big budget and acclaimed creative team. “Kingdom,” which premieres globally on the U.S. video streaming service Friday, is a genre-defining six-episode zombie mystery thriller set in the last Korean kingdom [...]

SK Broadband to Double Network Size for Netflix Users

SK Broadband to Double Network Size for Netflix Users

SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s fixed-line operator SK Broadband Inc. said Monday that it is pushing to increase its network capacity to deal with the growing number of people using services offered by U.S. video streaming platform Netflix. The company is planning to increase its data transfer speed for high-speed networks to [...]

Netflix Executive Raves About the Importance of the Korean Market

Netflix Executive Raves About the Importance of the Korean Market

SEOUL, Nov. 9 (Korea Bizwire) — Currently in Singapore to attend an event being held at the famed Marina Bay Sands hotel, Netflix COO Ted Sarandos spoke of the movie that first sparked interest in the Korean market. “The first original film that Netflix invested in was Bong Joon-ho’s 2017 flick, ‘Okja’,” said Sarandos. Although [...]