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CJ’s Tving Emerges as Major Threat in S. Korean Streaming Service Market

CJ’s Tving Emerges as Major Threat in S. Korean Streaming Service Market

SEOUL, Jan. 27 (Korea Bizwire) — The fast-growing South Korean video streaming service market has entered a new phase as local over-the-top (OTT) service operator Tving pulled off a sharp increase in its users last year, data showed Wednesday. Tving gained two notches to finish third in the latest ranking of OTT service providers released [...]

E-commerce Giant Coupang Launches Video Streaming Service

E-commerce Giant Coupang Launches Video Streaming Service

SEOUL, Dec. 24 (Korea Bizwire) — Coupang Corp., South Korea’s leading e-commerce operator, said Thursday it has launched a subscription-based video streaming service, heating up competition in the country’s growing over-the-top (OTT) media market. The e-commerce giant said its new service, Coupang Play, is currently available on Android smartphones and it will expand support for [...]

Leaked Information Hints at Subscription Fees for Disney Plus in S. Korea

Leaked Information Hints at Subscription Fees for Disney Plus in S. Korea

SEOUL, Sept. 23 (Korea Bizwire) — A leaked document is making the rounds in the streaming community in South Korea after it exposed what could possibly be the subscription pricing for the Disney Plus, a major competitor against Netflix. A recent post on Twitter and other social media revealed that a Disney Plus mobile subscription [...]

S. Korea to Form Local OTT Support Group Against Global Rivals

S. Korea to Form Local OTT Support Group Against Global Rivals

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s media regulator said Tuesday it will form a support group for local over-the-top (OTT) media services to help compete with global rivals, such as Netflix Inc., as they take a dominant position in the local market. Netflix’s active mobile application users in the country totaled 6.37 million [...]

Netflix Set to Further Boost Presence in S. Korea via Partnership with KT

Netflix Set to Further Boost Presence in S. Korea via Partnership with KT

SEOUL, July 31 (Korea Bizwire) — Global streaming giant Netflix Inc. may further boost its presence in South Korea as its subscribers will have more access to the service through its partnership with local telecom operator KT Corp. KT said Friday it will start offering Netflix’s service on its pay TV platform, with KT’s Olleh [...]