SEOUL, Oct. 9 (Korea Bizwire) – South Korean consumers are grappling with inconvenient cancellation processes and limited refund policies in the country’s burgeoning video streaming market, according to a recent government investigation. The Korea Consumer Agency and Democratic Party lawmaker Min Byoung-dug released findings on October 8 from their joint study of six major streaming providers, including [...]
SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2. The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers [...]
SEOUL, Aug. 15 (Korea Bizwire) – In an era dominated by digital streaming, South Korean young adults are bucking global trends by maintaining a strong connection to traditional television viewing. A recent survey reveals that about 70% of South Koreans in their 20s regularly watch video content on TV, dedicating an average of 132 minutes per [...]
SEOUL, Mar. 4 (Korea Bizwire) — The South Korean baseball league announced Monday it has signed a record-setting streaming rights deal with CJ ENM, with its games moving behind a paywall for the first time. For the next three seasons, CJ ENM, the media and entertainment arm of CJ Group, will carry Korea Baseball Organization [...]
SEOUL, Nov. 13 (Korea Bizwire) – In the past three months, the competition for second place within the streaming video service industry has been fervent. There’s a noticeable trend where user preferences are heavily influenced by the original content released at any given time, creating what seems like a content battle. Based on recent Nielsen data, [...]
SEOUL, July 14 (Korea Bizwire) — South Korean streaming services Tving and Seezn will merge into a single platform to become the biggest domestic content streaming provider, the companies announced Thursday. KT Studio Genie, the media production unit of telecom operator KT Corp., said in a regulatory filing that it has struck a deal with [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea’s antitrust regulator said Sunday it has decided to impose a fine of a combined 19.5 million won (US$16,300) on Google, Netflix and three other video streaming services for their unfair business activity over paid subscription. Five over-the-top (OTT) media service providers — Google, Netflix, KT, LG Uplus [...]
SEOUL, March 3 (Korea Bizwire) — The science-fiction action blockbuster “Seobok” will be released simultaneously in theaters and via streaming next month, its distributor said Wednesday, after monthslong delays amid the novel coronavirus pandemic. “Starring Gong Yoo and Park Bo-gum, ‘Seobok’ will be released on April 15,” CJ ENM said in a press release. “It [...]
SEOUL, Feb. 2 (Korea Bizwire) — Global streaming giant Spotify Technology SA said Tuesday it launched its music streaming service in South Korea, the home market of K-pop. The service, which originally launched back in 2008, has more than 60 million songs and over 320 million users across 93 markets. The latest launch comes amid [...]
SEOUL, March 23 (Korea Bizwire) — Hey look, there’s baseball going on in South Korea. And even if you don’t live here, you can stream these games live and watch on demand. The global outbreak of the novel coronavirus has deprived baseball fans around the world of a chance to enjoy their annual ritual — [...]