Tag: South Korea

On the heels of Q1 financials showing that Asia remains a huge driver of its global streaming subscriber gains, Netflix says it will invest $2.5 billion in Korean content over the next four years.

KT and CJ ENM in South Korea have reached an agreement to combine their respective streaming services, Seezn and Tving.

South Korea added just 600,000 new SVOD subscriptions in the first quarter to reach 14.7 million customers, per new data from Media Partners Asia (MPA), down from the 1.7 million added in Q4 2021.

In the second quarter of this year, online video usage hit 169 billion minutes in South Korea, with YouTube dominating at 81 percent of that time and SVOD taking a 13 percent share, according to a new Media Partners Asia (MPA) report.

MIPTV, which runs from March 30 to April 2, will celebrate Korea as the 2020 Country of Honour.