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The Korean video streaming sector is still growing, despite the perceived weakness of smaller local platforms.
The premium VOD sector in South Korea showed robust growth in Q3, per new Media Partners Asia (MPA) data, with the addition of 716,000 net new SVOD subs to reach a total of 19 million.
Korea’s SVOD sector continued to grow in Q3 2023, with the number of subs increasing by more than 700,000 to reach 19M, according to an MPA report.