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, Oct. 15 (Korea Bizwire) — LG Electronics Inc. said Thursday that more content on the Korean Wave of popular culture can be watched on its smart TVs via its streaming service as the company tries to attract more consumers in major markets amid the pandemic-driven stay-at-home trend. LG Channels will now have more content [...]
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 [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s homegrown streaming media service platforms seem to be losing their competitive edge to global media giant Netflix, which has been rapidly expanding its influence in the country. Last week, the U.S. over-the-top (OTT) service firm partnered with local telecom operator KT to offer its streaming service on [...]
SEOUL, April 6 (Korea Bizwire) — The South Korean online movie streaming service market expanded 32.7 percent last year from a year earlier on the back of rising demand for binge-watchable mobile platforms, a report showed Monday. According to the annual report published by the Korean Film Council (KOFIC), the total revenue of the over-the-top [...]
SEOUL, Dec. 20 (Korea Bizwire) — SK Telecom Co., jointly with FLO, a music platform, plans to offer free music streaming service, including Christmas songs, to small business owners across the nation for a month, starting on Saturday. SK Telecom will pay all licensing fees for streaming based on the size and type of the [...]
SEOUL, Feb. 15 (Korea Bizwire) — Naver Corp., South Korea’s dominant Internet portal and search engine, said Friday that it plans to support streaming of 4K content on mobile platforms following the launch of fifth-generation (5G) mobile network service next month. “We will be able to support high-resolution livestreaming service as the lag time will [...]
SEOUL, Apr. 9 (Korea Bizwire) — Lotte Cinema will launch a video streaming service in June for the first time as a Korean cinema chain, the company said on Sunday. “We’re preparing for ‘Over the Top (OTT)’ and other new platform services with the aim of launching them in June,” Lotte said in a press [...]
SEOUL, Jun. 29 (Korea Bizwire) — The number of paid subscribers to online entertainment companies in South Korea has been found to be extremely low, a new industry report has revealed. Only 1.4 percent of South Korean internet users pay to enjoy online content from media outlets, the lowest rate among all online content services, while [...]