South Korean electronics giant Samsung says it expects a 69 per cent fall in profits from Q4 2022. The crash in revenues is largely down to falling demand for Samsung’s key products of memory chip-sets, smartphones and TVs. The fall also represents its lowest quarterly profits since 2014, and significantly lower than market expectations. Samsung […]
Analysts at market research company Omdia say that China expects to take more than 50 per cent share of unit and area shipments in large area displays for the first time. Omdia adds that shipments of large-area display in 2022 decreased by 8 per cent YoY in unit terms and 3 per cent YoY, according […]
Paramount and TVING have announced that the Korean crime-thriller series Bargain will debut on Paramount+ outside of South Korea in 2023. Bargain is the second title coming to the streaming platform as part of the strategic partnership between Paramount and CJ ENM. Bargain stars actors Jun Jong-seo (Money Heist: Korea) and Jin Seon-kyu (Extreme Job) and it is an […]
Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV, has bolstered its presence in Northeast Asia, with a sales and customer support team in South Korea, to serve customers in the region. The company has also signed a partnership with Digibase, a Seoul-based provider of professional media services for live video […]
Thales Alenia Space has won a contract to deliver Koreasat 6A for delivery in Q4/2024. Korea Telecom’s (KT) Koreasat 6A will have 20 fixed satellite service (FSS) and six TV broadcast transponders to replace Koreasat 6, which launched to geostationary orbit at 116 degrees East in December 2010. Thales has enjoyed a long relationship with […]
The Asia Video Industry Association (AVIA) welcomed over 200 delegates from across the region for its first ever Korean focused conference and its first in market event since 2019, with Korea in View, which took place on 30 August at the Westin Josun, Seoul. To set the scene, AVIA CEO Louis Boswell presented key highlights […]
South Korean streaming platforms TVing and Seezn are set to merge in a bid to fend off international streamers such as Netflix – which plans at least 25 Korean originals this year. CJ ENM, behind global game show format I Can See Your Voice, is the controller of TVing, while Studio Genie, the media subsidiary […]
The Walt Disney Company Asia Pacific and HYBE have announced a global content collaboration that will see both companies working together to showcase content from South Korea’s music and entertainment industry to the world stage. The agreement includes global distribution of five titles from HYBE, which include two exclusive series featuring K-pop icons BTS that […]
Multiplay service revenue in South Korea is expected to grow at a compound annual growth rate (CAGR) of 2.4 per cent from $6.9 billion (€6.8bn) in 2021 to $7.7 billion in 2026, driven by the steady rise in the number of multiplay households and growth in the average monthly multiplay household spending, according to GlobalData, […]
Pay-TV services revenue in South Korea is expected to grow marginally at a compound annual growth rate (CAGR) of 1.14 per cent, from $6.5 billion (€6.19bn) in 2021 to $6.9 billion in 2026, mainly supported by the IPTV segment, forecasts GlobalData, a data and analytics company. GlobalData’s South Korea pay-TV Forecast reveals that IPTV services […]