SEOUL, Jan. 19 (Korea Bizwire) — South Koreans are estimated to have spent over 500 billion won (US$454 million) on global video streaming service Netflix last year, doubling the amount tallied the previous year, data showed Tuesday. Local credit card payments on the video streaming service are estimated to have reached 517.3 billion won last [...]
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 [...]
SEOUL, Sept. 28 (Korea Bizwire) — The number of subscribers of the local video streaming service giant Wavve has topped 10 million on rising demand for a wide variety of content, the company said Monday. Wavve was launched last year by South Korea’s top mobile carrier, SK Telecom Co., and terrestrial broadcasters KBS, MBC and [...]
SEOUL, Feb. 7 (Korea Bizwire) — When he heard the news that South Korea had confirmed multiple cases of the novel coronavirus infection, Kang Tae-gu, a Seoul resident and a casual movie lover, decided to stop going to cinemas, at least for the time being. Instead, Kang opted to spend more time watching movies on [...]