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
Google's YouTube is threatening not only Korean players in the video media market but also those in the Internet search market, which had been dominated by Naver. As YouTube has become a black hole that absorbs the Korean Internet and mobile markets as well as the media market, Korean internet c
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
The SK Group is expected to accelerate the establishment of an intermediate holding company which will be responsible for its information and communication technology (ICT) business.The SK Group is considering dividing SK Telecom into an intermediate holding company (tentatively named SK Tomorrow),
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
SK Broadband announced on June 14 that the company signed an MOU with CITIA (Cite' de l'Image) of France and the Seoul Business Agency (SBA) for the successful hosting of the Annecy Animation Festival in Sangam-dong, Seoul in September 2019.The Annecy Animation Festival is the world's largest animat
SK Broadband created a business model with its know-how and experience in operating its mobile media platform Oksusu. With the new platform, any company and individual can easily edit mobile videos and transmit broadcast in real time.The company announced on May 10 that it has launched “Vcase,” a bu
SK Telecom on Jan. 2 announced its last year’s performances on a K-IFRS consolidated basis, including the revenue of 17.137 trillion won, the operating income of 1.708 trillion won and the net income of 1.516 trillion won.Despite strong performances of its subsidiaries, the revenue decreased by 0.2%