Number of Netflix users in S. Korea drops 30% in a year
OTT subscriptions decline as outdoor activities increase after COVID-19 recovery in daily life
By Apr 11, 2023 (Gmt+09:00)
Deutsche Bank's Korea IB head quits after country head resigns
Macquarie Korea Asset Management confirms two nominees
Hanwha buys S’pore Dyna-Mac’s stake for $73.8 mn from Keppel
Korea's Taeyoung to sell local hotel to speed up debt workout
Meritz leaves door open for an M&A, to stay shareholder friendly
The number of Netflix users in South Korea has decreased by more than 30% in the past year since the recovery from COVID-19.
All of the top-five companies in terms of Internet traffic, including Netflix (ranked 5th), saw a decrease in the number of users compared to the previous year, reflecting the aftermath of the pandemic.
During the same period, Google's user base fell by 8.3% to 47.23 million, while Kakao and Naver both saw a decline in user numbers, with 31.78 million (down 21.7%) and 33.06 million (down 18.0%) users respectively.
Meta's user base also shrank by 30.5% to 4.7 million in the fourth quarter of last year.
The ministry annually aggregates the number of users and traffic status of five value-added telecommunications service providers, including Google, Netflix, Meta Platforms, Naver and Kakao, which all have a daily average number of users of more than one million and a daily average traffic share of more than 1%, in the fourth quarter.
Write to Han-Gyeol Seon at always@hankyung.com
-
Content platformsKT spurs content creation with hot Netflix drama Attorney Woo
Jul 25, 2022 (Gmt+09:00)
3 Min read -
Mergers & AcquisitionsCJ’s TVing, KT’s Seezn set for merger to challenge OTT leader Netflix
Jul 13, 2022 (Gmt+09:00)
4 Min read -
EntertainmentSquid Game’s mega-hit spurs Netflix to release record K-content
Jan 19, 2022 (Gmt+09:00)
2 Min read -
EntertainmentNetflix to strengthen partnerships with ISPs through network technology
Nov 04, 2021 (Gmt+09:00)
3 Min read