Spotify set for uphill battle in S. Korea | Yonhap News Agency
By Chae Yun-hwan SEOUL, Feb. 14 (Yonhap) -- Spotify Technology SA, which opened its service in South Korea early this month, is expected to face fierce competition in the music streaming market currently dominated by local players. While the Swedish company is one of the top audio streaming services in the world, with 345 million users across 93 markets, it is up against established homegrown services in South Korea -- the sixth-largest music market in the world -- such as tech giant Kakao Corp.'s Melon, Genie Music under telecom operator KT Corp. and rival carrier SK Telecom's Flo. As of ...
Source: yna.co.kr