Korea Joongang Daily
Korea JoongAng Daily

Seoul court cancels 68.7 billion won in taxes on Netflix Korea

The Seoul Administrative Court canceled nearly 70 billion won ($47.5 million) worth of tax imposed on Netflix Korea by the Korean tax authorities.

2026-04-28

Adult content studio near Seoul elementary school raises concern among parents, residents

An adult content streaming studio operating near an elementary school in Gangnam District, southern Seoul, is drawing backlash from parents and residents, but authorities say there is no clear legal basis to regulate or relocate the business.

2026-04-26

Netflix eyes home run with MLB livestreaming deal

Fresh off its exclusive deal in Japan to broadcast the World Baseball Classic, Netflix is hoping for a home run with the rights to livestream MLB.

2026-04-04

Streaming services Tving, Wavve share each other's original content

Users of Tving and Wavve will soon be able to watch more of the two services' original content on both streaming platforms as the companies begin to share their series under an expanded partnership.

2026-03-17

Netflix Korea ready to rumble as it starts streaming WWE to local screens this week

Netflix will begin streaming World Wrestling Entertainment (WWE) content in Korea on Thursday, as part of its expansion into live entertainment, the streaming platform announced on Monday.

2025-12-29

Spotify Wrapped 2025 is here and Bad Bunny has dethroned Taylor Swift as most-streamed artist

The holiday season is here, and with it, a present for fans of end of year data and marketing: Spotify Wrapped is here! And Puerto Rican superstar Bad Bunny has been named its most-played artist for a fourth time, dethroning Taylor Swift.

2025-12-04

Paid TV subscriptions continue to decline in H1: Data

The number of paid TV subscribers in Korea fell for the third consecutive half-year period in the first half of 2025 amid the rising popularity of Internet-based streaming services, government data showed Monday.

2025-11-24

Netflix announces 10-for-one stock split, shares rise

Netflix on Thursday announced a ten-for-one stock split, making the streaming company's shares more affordable for retail investors. The company said it would issue nine additional shares for each share held after close of trading on Nov. 10.

2025-10-31

Seoul to host international streaming festival to promote collaboration, investment

The Ministry of Science and ICT said Wednesday it will host an international festival aimed at promoting Korea's streaming industry and attracting global investment in the sector.

2025-08-13

Watcha enters court receivership following major investor's legal filing

Watcha, Korea’s homegrown streaming platform, has entered court receivership after the Seoul Bankruptcy Court approved a corporate rehabilitation filing led by one of its major investors.

2025-08-06