In February, Korea’s instant noodle exports reached a record high. As the green light has been given to instant noodle exports since the beginning of the year, Korea’s ramen exports are expected to exceed USUS$1 billion for the first time this year.Korea’s instant noodle exports last month was the h
LG Electronics is expanding its content ecosystem beyond household appliances to mobility by installing its own OTT service, LG Channel, into Hyundai and Kia vehicles.According to the electronics industry on March 18, LG Electronics started the LG Channel service in Hyundai and Kia vehicles from Jan
Netflix, a dominant player in the online video streaming service (OTT) industry, is persisting in its non-response to government pressure to lower subscription fees, raising concerns about increasing burdens on domestic OTT companies. Experts argue that to improve equity between domestic and interna
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
The author, Sam seog Ko, is a distinguished professor at the College of AI Convergence at Dongguk University and former commissioner of the Korea Communications Commission -- Ed.The global streaming service Netflix is rapidly changing the media market. Especially during the corona pandemic, media ex
In a trend led by younger demographics, traditional TV viewership is diminishing, whereas the use of Over The Top (OTT, or online video streaming) services is rapidly expanding, even among the elderly. The Korea Communication Commission announced these findings in its “2023 Broadcast Media Usage Beh
The South Korean government is considering applying antitrust regulations following abrupt price hikes by major content platforms such as YouTube and Netflix.A senior ruling party official stated in a media interview on Dec. 21, “A 40% hike in consumer prices at once is a kind of monopolistic abuse.
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
Google, which accounts for the highest share of domestic network traffic in South Korea, has been highlighted for not paying any network usage fees in the country.On Oct. 26, Kim Byung-wook, a member of the National Assembly’s Science, ICT, Broadcasting and Communications Committee from the People P
SK broadband and Netflix, the world’s leading online video streaming service (OTT), have settled their network usage fee litigation and agreed to a service partnership. Consequently, customers can now access Netflix content on SK telecom’s mobile and Internet Protocol TV (IPTV) platforms.While the l
Actress Han Sohee, who has gained full support not only in Korea but also abroad for her unique style and renowned filmography with box office records, has become the new face of the global sports brand FILA.FILA has announced Han Sohee as its new global brand ambassador starting from September 12th
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
Coupang Play, the fastest-growing OTT service in Korea, has completed its executive reinforcement within the engineering organization and is accelerating its efforts to enhance the product experience. The executives appointed by Coupang Play are Rohit Puri, Head of Engineering, and Sekwon Choi, Head
The economic effects of the Korean Wave have reached 37 trillion won in the last five years, according to a study.The Korea Economic Research Institute (KERI) said on July 10 that Korea enjoyed 37 trillion won (US$29 billion) in economic effects thanks to the Korean cultural wave from 2017 to 2021.
The Korean government will grant tax benefits to investments in video content production equivalent to investments in the nation’s strategic technologies such as semiconductors. This is aims to grow Korean content as an export-oriented industry and help Korea take off to become one of the world’s fo
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Although maintaining a Buy rating, we lower our TP on ContentreeJoongAng to W26,000 (from W33,000) in light of a slow recovery for its cinema domain. Viewing concerns toward the overall sector as al
Netflix Co-CEO Ted Serandos vowed to invest in discovering next-generation Korean creators, emphasizing the huge potential of Korean content.“Netflix has had great partnerships with Korean creators, but it was only the beginning,” he said at the Netflix and Korean Content Event at Four Seasons Hotel
The National Tax Service (NTS) has launched an intense tax investigation into 52 potential offshore tax evaders for leaking national wealth.The National Tax Service said on May 31 that it has launched a tax investigation into alleged offshore tax evaders who might have have evaded taxes by taking pr
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Nasmedia registered an earnings shock for 1Q23 on heavier-than-expected damage to core business earnings amid an economic slowdown. Reflecting such, we lower our TP to W30,000, but stick to a Buy ra
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Uncertainties over airing on a captive channel have already been fully reflected in Studio Dragon’s share price. It is time to focus on mid/long-term growth potential through diversification of sale