The number of South Korean users subscribing to the US video streaming platform Netflix Inc. has more than quadrupled to surpass the 1.8 million mark, industry data showed Friday.
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(Netflix) |
Netflix is estimated to have 1.86 million paid active streaming subscribers in the country as of July, compared with 420,000 users during the same period a year earlier, according to the data by Nielson Korea.
Industry analysts said the increase came after LG Uplus Corp. began offering Netflix on its set-top boxes in November 2018.
Netflix has an exclusive distribution deal with the nation's No. 3 mobile carrier.
The data also showed that the combined number of users of three global over-the-top services -- Netflix, YouTube and TikTok-- jumped by 15.5 percent on-year to 29.98 million during the cited period.
Netflix, which started as a video rental firm in 1997, currently has nearly 150 million paid subscribers globally enjoying original and licensed TV series, documentaries and feature films across a wide variety of genres and languages. (Yonhap)
