Omdia Reports Local Online Video Services Take the Lead Over Netflix in South Korea

  • LONDON--(BUSINESS WIRE)-- #CJENM--New research from Omdia reveals that Netflix maintains its leading position in South Korea's subscription-based online video market, accounting for 31% of the total subscriber base. However, major domestic platforms collectively represent a larger 40% share, led by Tving (16%), Coupang Play (13%) and Wavve (11%). The performance of local platforms reflects their strong cultural alignment and strategic presence within South Korea's streaming ecosystem. With K-dramas cont.