#twitch

Amazon’s game streaming platform, Twitch, has announced its decision to shut down the business in South Korea in February 2024. Twitch’s reasoning behind this decision is due to ‘prohibitively expensive’ operating costs and high network fees in the country. “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. For transparency, Twitch said that they spent significant efforts to reduce cost and maintain operations in the country. 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. “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. Twitch is now updating its Ads Incentive Program to help creators earn more. Read more in our articles including "Twitch exits S. Korea over ‘prohibitively expensive’ operating costs" and "Creators on Twitch to expect bigger payouts".