South Korea’s multiplay service revenue is projected to experience a gradual yet consistent growth throughout the forecast period. It is forecast to climb from $6.1 billion (€5.5bn) in 2022 to $6.6 billion in 2027, displaying a compound annual growth rate (CAGR) of 1.7 per cent. This growth will be sustained by an increasing number of […]
Riedel Communications has announced that Dasan SR Inc., a distributor based in South Korea, has successfully launched the Riedel Bolero system during the Hermès Parade Seoul 2023 event, which took place at the Yangjae AT Center in Seoul. The event marked the first official successful launch of the Riedel Bolero 2.4GHz system in South Korea. […]
The total mobile services revenue in South Korea is predicted to increase from $20.1 billion (€18.7bn) in 2022 to $23.2 billion in 2027, at a compound annual growth rate (CAGR) of 3 per cent, mainly driven by the robust growth in M2M/IoT subscriptions and mobile data services segment, forecasts GlobalData, the data and analytics company. […]
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 […]