KT takes on YouTube with new video streaming service

[THE INVESTOR] KT, South Korea's No. 2 telecom carrier, on Aug. 30 launched its new live video streaming service dovido with aims to take on market leaders such as YouTube.

The company said it will nurture the service as a global platform that attracts 200 million viewers from around the world by 2020.

The dovido service allows users to film, edit and upload their own video contents. The service is also linked to a shopping site so that products in the videos can be purchased. 

“We will compete head-on with YouTube that has yet to gain a firm footing on mobile platforms compared to its leadership on PCs,” said a company official during a press conference held in Seoul.

By Lee Ji-yoon (jylee@heraldcorp.com)