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Over One-third of S. Koreans Paid Subscribers to OTT Platforms Last Year

Over One-third of S. Koreans Paid Subscribers to OTT Platforms Last Year

SEOUL, Jan. 20 (Korea Bizwire) — Over 34 percent of South Koreans were paid subscribers to over-the-top (OTT) media, or video streaming services, a survey showed Thursday. Paid subscribers to OTTs stood at 34.8 percent last year, up 20.4 percentage points from the previous year, according to a survey of 6,834 people over the age [...]

Global, Homegrown Streamers Launch Charm Offensives in S. Korea

Global, Homegrown Streamers Launch Charm Offensives in S. Korea

SEOUL, Dec. 7 (Korea Bizwire) — Kim Su-yeon, a 39-year old office worker based in Seoul, loves to binge watch Korean TV series on weekends or holidays on the small old TV in her room. Last week, she finished the latest episodes of romance series like “Melancholia,” “Reflection of You,” “The King’s Affection” and “The [...]

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 [...]