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 [...]