Pay-TV service revenue in South Korea is set to grow, albeit marginally, at a compound annual growth rate (CAGR) of 0.2 per cent from $5.55 billion (€5.1bn) in 2022 to $5.6 billion in 2027, primarily supported by the increasing internet protocol television (IPTV) subscriptions, according to GlobalData, the data and analytics company. GlobalData’s South Korea […]
The Professional Triathletes Organisation (PTO) has renewed its broadcast deal with SPOTV, the South Korean linear and digital sports service. Building on two years of partnership since the inaugural Collins Cup in 2021 and the first PTO Tour in 2022, the deal for 2023 includes live coverage of all PTO Tour races as well as […]
South Korea has selected Arianespace’s Vega C mid-sized rocket to launch its KOMPSAT-6 satellites that has remained grounded due to sanctions imposed on Russia for invading Ukraine. The satellite was due to be launched by a Russian Angara rocket from its Plesetsk Cosmodrome. South Korea’s vice minister for science, Oh Tae-seog, said that the Vega-C […]
KC Global Media, the Asian entertainment network and multi-channel operator, has announced a content partnership with Munhwa Broadcasting Corporation (MBC), South Korea’s leading national broadcasting network, bringing more premium drama and variety shows to ONE. Fans can now enjoy all genres from MBC including romance fantasy series, Kokdu: Season of Deity, express within 24 hours […]
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 […]