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.
The number of video streaming service users in Korea remained above the 20 million level in June, data showed Tuesday.
The global explosion of K-content owes much to the involvement of streaming platforms like Netflix, but the platforms' massive production budgets have ratcheted up pressure on domestic companies.
Korea's FTC has completed an examiner's report of Coupang for allegedly using deceptive design to retain WOW subscription users, potentially leading to legal actions against the e-commerce giant over consumer protection violations.
Streaming service Tving CEO Choi Ju-hee promised to improve on Tuesday after its entrance into the baseball broadcasting world was plagued by errors over the weekend.
Korean streaming platforms, backed by the government, aim to challenge Netflix globally by funding original content, expanding overseas and supporting barrier-free services.
Online streaming service Coupang Play surpassed 8 million monthly users for the first time for a domestic platform, mostly thanks to its exclusive partnerships with sports games.
Netflix has started to crack down on Korean users sharing accounts by sending a final notice for a two-week grace period.
The unprecedented success of Netflix original series “Squid Game” (2021) was cause for great celebration in Korea, but it was quickly followed by concern for the domestic market: Was Netflix hogging the fruits of the show's success?
Netflix is changing its policy on sharing as it struggles to maintain profitability and growth, and many Koreans say they might drop the service as a result.
Korea JoongAng Daily Sitemap
