Korean telecom giants drop streaming services

Korea’s leading telecom operators are pulling back from stand-alone streaming services, as rising costs and fierce competition have undercut the case for maintaining their own platforms. The country’s three dominant carriers, LG U+, KT and SK Telecom, had entered the streaming market in recent years, aiming to secure subscribers and diversify revenue. But the strategy has proven difficult to sustain. LG U+ is the latest to exit. The company said it would shut down U+ Mobile TV at the end of May,

By The Korea Herald