Netflix, leading the over-the-top (OTT) online video streaming industry in subscription rates, has been found to trail behind YouTube Premium and Tving in user satisfaction, according to a survey.Consumer Insight, a telecommunications research institute, announced on Feb. 5 that this result emerged
CJ ENM’s over-the-top (OTT) media platform Tving and SK Square’s Wavve are set to merge. Discussions of the merger between the two companies began in 2020 but had not progressed due to differing views on the specifics. However, discussions have recently accelerated.The merger of Tving and Wavve is a
Fundamental solutions such as shared growth of content and platforms and global distribution of videos and films are needed in order to improve the competitiveness of the Korean media industry, which is facing a crisis due to the rise of global over-the-top (OTT) service providers such as Netflix. T
LG Electronics announced on Oct. 6 that it has recently launched webOS Hub, an upgraded version of the webOS platform which is provided to external TV companies.The company expanded popular content such as cloud games and over-the-top (OTT) services, improved ease of use, and introduced the industry
The author is an analyst of KB Securities. He can be reached at yonghyun.choi@kbfg.com. -- Ed. Initiating coverage on Korea Media with POSITIVE ratingWe initiate coverage on Korea Media with a POSITIVE rating. The media industry in Korea is in the midst of undergoing structural changes where OTT (ov
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. Initiate coverage with BUY for a target price of KRW28,000We initiate coverage of Wysiwyg Studios with BUY for a target price of KRW28,000, based on 2022F
The Ministry of Communication and Information Technology of Indonesia is considering introducing a new bill to make major content providers responsible for maintaining the quality of communication services.The bill is similar to the latest version of the Telecommunications Business Act of South Kore
The authors are analysts of KB Securities. They can be reached at drlee@kbfg.com and bh.yi@kbfg.com, respectively -- Ed. Global content industry continues to boom amid COVID-19We maintain POSITIVE on the Media sector. Demand for over-the-top content has been skyrocketing amid the COVID-19 pandemic,
SK Telecom (SKT) unveiled its self-developed artificial intelligence (AI) chip named ‘SAPEON X220’ and shared its AI semiconductor business vision on Nov. 25.SAPEON X220 is optimally designed to process artificial intelligence tasks faster, using less power by efficiently processing large amounts of
The author is an analyst of Shinhan Investment Corp. He can be reached at sejonghong@shinhan.com. -- Ed. Contents: Boost from intensifying competition in the client industry in 2021Content providers stand to benefit from intensifying competition in the client industry at home and in the US and China
KT Corp., South Korea’s largest telecommunications service provider, is strengthening its media content business through its subsidiaries and affiliates as the company transforms itself into the global platform for the next generation of connectivity, media and technologies.skyTV, KT’s media content
SK Telecom announced on May 7 that there was no change in its large-scale investment plan for its over-the-top (OTT) service provider Wavve. Although the new coronavirus crisis affected the business of Wavve in the first quarter of 2020, SK Telecom still shows its will to expand its presence in the
The three major Korean telecommunication companies are divided over the issue of imposing network use fees on Netflix, which is enjoying brisk business both at home and abroad.The most vocal critic of the free-riding issue is SK Broadband (SKB). SKB is taking a strong stance against Netflix as it is
Netflix is under fire for disrupting the ecosystem of Korea’s over-the-top (OTT) industry. The OTT ecosystem consists of viewers, OTT services, platforms and program operators. Industry watchers note that Netflix is undermining the ecosystem by refusing to pay fees for using telecom networks.Among O
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed. Initiate coverage with BUY and target price of KRW295,000We initiate our coverage of SK Telecom with BUY for a target price of KRW295,000, with a target EV/EBITDA of 4.3x (15% discount to the average
KT Corp. announced on April 8 that it has signed a memorandum of understanding (MOU) with Taiwan’s Far EasTone Telecommunications Co. Ltd. (FET) for collaboration in 5G services and digital content development.The Korean telecom company said that the signing ceremony was conducted online due to the
SK Telecom is planning to enter the U.S. high-definition broadcasting market this year in partnership with Sinclair Broadcasting Group, the largest terrestrial broadcaster in the United States. The largest wireless carrier in South Korea will also promote such businesses as cloud infrastructure for
SK Telecom is focusing on new ICT businesses to enhance its corporate value.All of Korea’s three major mobile carriers performed poorly in the third quarter due to investment in 5G telecommunications and increased marketing costs. However, in the case of SK Telecom, non-mobile sales accounted for mo
SK Telecom president Park Jeong-ho proposed an Asian over-the-top (OTT) alliance at the Culture Innovation Forum held in Busan on Nov. 25 in conjunction with the South Korea-ASEAN special summit.At present, the Wavve OTT service launched by SK Telecom and South Korea’s three major terrestrial broadc
CJ ENM and JTBC announced on Sept. 17 that they signed a business agreement to set up a joint venture for over-the-top (OTT) media services. The two companies are planning to launch the joint venture and an integrated OTT platform based on CJ ENM’s TVing early next year.CJ ENM and JTBC participate i