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 [...]
SEOUL, Nov. 16 (Korea Bizwire) — Subscription sharing services, where customers can share subscriptions for some 10 video streaming platforms, are gaining popularity among younger consumers looking for more affordable ways to stream video content. Subscription sharing service providers form groups of three or four customers each to share subscriptions. Linkid offers sharing services not [...]
SEOUL, Nov. 12 (Korea Bizwire) — Disney+, the flagship streaming service of U.S. media giant Walt Disney Co., landed in South Korea on Friday, heating up competition in the country’s video streaming market. The streaming service is now available on its website or in Apple’s App Store for iPhones and Google’s Play Store for Android [...]
SEOUL, Sept. 16 (Korea Bizwire) — With Disney+ soon to enter and intensify competition in the South Korean video streaming market, Coupang Inc. is stepping up to improve its own streaming platform. Mobile app tracker Wiseapp conducted a survey of smartphone users who are 10 years old or older, which showed that Coupang Play, a [...]
SEOUL, May 20 (Korea Bizwire) — Monthly active users of the U.S. video streaming service Netflix Inc. in South Korea recorded a decline in the past three months, data showed Thursday, as the platform faces a slowdown in global subscriber growth and increasing competition from local players. Netflix’s monthly active users in the country last [...]
SEOUL, April 21 (Korea Bizwire) — The chief of SK Telecom Co. said Wednesday the wireless carrier will likely work with Amazon.com Inc. in video streaming services as the country’s leading mobile carrier seeks to grow efforts to boost its non-mobile businesses. SK Telecom currently holds a major stake in local video streaming service operator [...]
SEOUL, March 26 (Korea Bizwire) — Content Wavve Corp., the operator of South Korean streaming giant Wavve, said Friday it will invest 1 trillion won (US$882.7 billion) in content over five years to strengthen its portfolio amid growing competition from local and foreign rivals. Under the investment plan, Wavve — a joint venture between the [...]
SEOUL, March 17 (Korea Bizwire) — South Korea’s telecommunications regulator said Wednesday it will push for a law revision to set limits on user payments to livestream broadcasters amid reports of financial damage to users that splurge on the platforms. Many video streaming platforms, including YouTube and local rival Afreeca TV, operate live payments, in [...]
SEOUL, Jan. 8 (Korea Bizwire) — Video streaming services in South Korea are headed for heated competition this year as local media companies and global giants alike splurge on original content to take a solid position in the booming local market. Earlier this week, local media giant CJ ENM Co. said it is partnering with [...]
SEOUL, Dec. 11 (Korea Bizwire) — Walt Disney Co. has said it will launch its flagship streaming service Disney+ in South Korea next year, a move that could intensify competition between local and global streaming giants in the country. Disney said in a tweet for its investor day presentation on Thursday that South Korea is [...]