Netflix, the U.S. based content and media giant is expected to come to Korea early in 2016, signifying a possible shift in how Koreans watch TV and a possible catalyst for Korean programs to reach a global audience.
The streaming-service video content provider has announced an aggressive expansion plan into Asia in the next year, with the introduction of its service to Japan in September.
However, skeptics wonder whether Netflix has the ability to succeed in Korea, known for its finicky consumers.
Netflix has grown in part to its signature original series such as “House of Cards” and “Orange is the New Black”, series that are highly popular worldwide though relatively unknown here. Netflix has also promised to also include original Korean content as part of its deal to enter the market.
Korea also has an established VOD system in place and some wonder whether consumers will want to pay for its services, as many consumers here aren’t used to paying for content.
Whether Netflix can cut costs in content delivery and lower its spending for network usage is also key according to industry insiders.
Netflix operates in more than 50 countries with a subscriber base of 65 million, of which 23 million are outside of the US. It aims to expand into every significant global market — including China and India — by the end of 2016 according to CNBC.
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The Busan International Ocean Marathon takes place on Sunday, October 2. Some streets on the marathon route will be closed.
The country’s top court has sentenced a South Korean man to 12 years in prison for attempting to murder the U.S. ambassador to South Korea Mark Lippert.
Busan will light up with K-Pop stars, food and culture for the month of October.
The tentative lineup for guests visiting the 21st Busan International Film Festival for the opening day on October 6th is near completion.
With the nation’s biggest shopping and cultural event “Korea Sale’s FESTA” beginning today, Busan’s distribution industries have begun participating in an all-out competition.
The Busan One Asia Festival is offering free admissions to Taste Busan and the Korean Wave Star & Beauty Collection for foreign guests at BEXCO.
BeFM’s “On the Road Busan” team invites you for a final FREE trip around the beautiful Busan Bay at the Wave Yacht Lounge Closing Party on Saturday, October 8th.
The Busan International Food Expo 2016 will be held in BEXCO from October 6th to the 9th.
The “2016 Jinju Namgang Lantern Festival” will begin on October 1st and end on the 16th at Jinju Namgang Ilwon.
A new survey by MasterCard shows that Seoul is once again the 10th most popular city for travel in the world.
Join forces for good and come participate in the 2016 Superhero Comic Dash! Presented by The H.U.G.S (Helping Us Grow to be Superheroes) Association.
Runners from around the world will gather at the 2016 Busan International Ocean Marathon on Oct. 2.