The Korea Fair Trade Commission (KFTC) has forced Netflix to fix its unfair contract clauses for the first time worldwide. A total of six clauses have been revised and those will become effective on Jan. 20.According to one of the six previous clauses, a change in membership or fees can occur at any
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
Korea's leading mobile carrier and three terrestrial broadcasters have launched the country’s largest over-the-top (OTT) service provider Wavve.The new company is intended to take on global media giants, such as Netflix Inc. and The Walt Disney Co., and help Korean video content tap into the glo
SK Telecom will partner with Samsung Electronics to develop and commercialize the world's first 5G-based 8K TV services. 8K ultra-high definition (UHD) has the horizontal resolution of 7680 pixels and the vertical resolution of 4320 pixels, four times as many pixels as 4K UHD.SK Telecom plans to
SK Telecom has presented a new vision based on three key initiatives – expansion of the 5G business models, strengthening global partnerships and transformation into a unique ICT synergy company.The new vision was unveiled by the company’s president Park Jung-ho at an analyst seminar held at the Ann
Korea's largest OTT service provider Wave will be launched in September as the Fair Trade Commission (FTC) has approved the marriage between Oksusu, SK Telecom's over the top (OTT) service, and three terrestrial broadcasters’ video streaming service Pooq.Wave will compete with Netflix and Yo
When Netflix entered the Korean market, some analysts said that it would end up in a “storm in a teacup.” However, it took less than three years for the U.S. firm to dominate the domestic video service market. Netflix has established itself as an over-the-top (OPP) video service operator with 1.84 m
SK Telecom is pushing for a full-scale foray into the next-generation broadcasting solution market in the United States.The Korean mobile operator announced on Jan. 7 (local time) that it has signed an agreement with Sinclair Broadcasting Group, the largest terrestrial broadcaster in the United Stat
The key to success for the new over-the-top (OTT) platform to be created by SK Telecom and Korea’s three terrestrial TV broadcasters is securing influential partners, industry analysts say.SK Telecom and the three TV broadcasters -- KBS, MBC and SBS -- have agreed to integrate their OTT services “Ok
Mobile carrier SK Telecom and Korea’s three terrestrial TV broadcasters will merge their over-the-top (OTT) video service platforms into one to better compete with Netflix and YouTube, the global leaders in OTT services. The new OTT platform with more than 13 million subscribers is expected to chall
South Korea’s top three mobile carriers, such as SK Telecomm, KT and LG U+, are competing in media platforms with over-the-top (OTT) mobile video services, but they show meager sales in the sector due to a lack of competitive contents. The companies have opened the OTT platforms to allow their compe
Byun Dong-sik, CEO of the nation’s No. 1 cable TV network operator CJ HelloVision, held the first press conference at the headquarters in Sangam-dong, Seoul, on October 25 after he was appointed as co-CEO. At the conference, he said, “We are now preparing to launch a broadcasting platform that can s
Office Worker Lee Joon-beom often studies English using his smartphone while commuting from Sadang-dong in Seoul to Ansan City by subway. On March 4, he watched the Korea-Australia World Baseball Classic (WBC) game via his smartphone on his way home. Most subway passengers have their eyes focused on