south korea

Amazon’s game streaming platform, Twitch, has announced its decision to shut down the business in South Korea in February 2024. “Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in that country,” Twitch CEO Dan Clancy said in a blog post. Ultimately, Clancy blamed Korea’s network usage fees that are 10 times more expensive compared in most other countries. Twitch’s closure in the Korea is scheduled on February 27, 2024. “We would like to reiterate that this was a very difficult decision, and one that all of us at Twitch are deeply saddened by.” I wanted to quickly send my thoughts out to the Korean streamers that are impacted by the decision we have announced today. I just wanted to send out my thoughts to… — Daniel Clancy (@djclancy999) December 6, 2023 With the announcement, Clancy assured that the company will assist Korean streamers transition to other local livestreaming services. “Twitch streamers in Korea have devoted significant time and effort into building their communities, and we plan to help these communities find new homes — even if it’s regrettably not on Twitch,” he said. The South Korean electronics giant collaborated with South Korean artist Sung Yung Hong to come up with a 78-inch Curved UHD TV. Read more in our articles including "Twitch exits S. Korea over ‘prohibitively expensive’ operating costs" and "Samsung has a 78" Curved UHD TV painted with Gold".