[Gettyimages Bank]
The Ministry of Science and ICT said in a statement on November 3 that South Koreans consumed 10,462 terabytes of video content using mobile data traffic. The size of the mobile video content data traffic increased by 41 percent from a year ago. The rate of consumption for video content was the highest at 61.2 percent of the total mobile data traffic.
Data released by global market research firm Statista in early 2021 showed that South Korea's OTT media market is expected to reach around 3.3 trillion won ($2.9 billion) in 2021. The number of domestic paid subscribers of Netflix, the world's most popular OTT service, has significantly increased from some 900,000 in December 2018 to about 3.8 million in South Korea in September 2021.
The most popular video content in South Korea's OTT video service market is "Squid Game," a survival drama television series streaming on Netflix. According to Netflix, the series was watched by some 111 million households around the world less than a month after its release in September 2021. It is far ahead of Netflix's other popular series such as "Bridgerton," which was watched by 82 million.
According to Statista, Netflix had 192.95 million paid subscribers in the second quarter of 2020 worldwide and 7.29 million of them were based in the United States and Canada. There were only 22.49 million subscribers in Asia.
The number of South Koreans using video platforms such as YouTube has been increasing during the last few years. According to WiseApp, a smartphone app market research company, 40.41 million South Koreans used the YouTube app in January 2021 and the average time each person spent on YouTube was about 30 hours and 34 minutes per month.
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OTT killed the cinema. Korea's hottest summer revives it
This photo provided by CJ ENM show the overview of CGV with crowd of people waiting for their movie to start SEOUL, August 10 (AJP) - South Korea’s longest summer heat wave has breathed new life into a pastime and industry nearly killed by streaming — moviegoing and theaters. For couples like Kim Soo-hyun, 29, the once-standard weekend date outdoors has become almost impossible. “It’s been really hard to go on dates on weekends because it’s so hot,” said Kim, an office worker living in southern Seoul’s Seocho district. “The car is cool and comfortable, but the moment we get out and start walking, it becomes really difficult.” She and her boyfriend gravitate toward air-conditioned mall complexes where they can eat, shop and catch a movie without stepping back into the heat. Kim’s routine reflects a broader shift playing out across South Korea’s multiplexes. This photo provided by CJ ENM show the theater with giant CGV sign welcoming visitors. 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She has already watched three of the summer’s major releases and plans to return for a second viewing of “The Odyssey” in IMAX. Selling the room, not just the screen CGV has been unusually explicit about selling the cinema as refuge from the heat. On July 29, South Korea’s largest multiplex operator launched a summer campaign under the slogan “When there’s a heat wave, go to CGV,” pitching theaters as places where customers can spend the summer in air-conditioned comfort. CGV's ScreenX auditorium wraps the picture across three walls, pictured here promoting Spider-Man: Brand New Day, one of the two blockbusters driving Korea's current premium-format frenzy. Courtesy of CGV The promotion, which runs through Aug. 23, also rewards repeat visits and screenings in SCREENX auditoriums. But the effort to make theaters somewhere to stay, rather than merely somewhere to watch a movie, began well before this summer. 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They are trying to make each visit something streaming cannot easily replace. “I don’t know if I’d say the theater is more convenient than streaming,” Choi said. “But there’s an appeal that’s unique to the cinema.” That distinction matters because the industry’s financial pain has hardly disappeared. South Korean theaters recorded 106.09 million admissions in 2025, down 13.8 percent from a year earlier, while box-office revenue fell 12.4 percent to 1.047 trillion won. Both declined for a second straight year. The Korean Film Council nevertheless identified one bright spot: special-format revenue jumped 46.3 percent to 111 billion won, which it linked to growing demand for experience-oriented moviegoing. Even CGV’s domestic operation remained in the red early this year. Its Korean business generated 175.4 billion won in first-quarter revenue, up 36.7 percent from a year earlier, but still posted an operating loss of 6.6 billion won. Conditions are more severe at Megabox JoongAng. The Seoul Bankruptcy Court opened rehabilitation proceedings for the cinema operator on June 30 after the company sought court protection to normalize its operations and remain a going concern. A proposed merger between Megabox and Lotte Cinema was also halted after the memorandum of understanding between their parent companies expired on June 30. The government, meanwhile, is spending public money to lure audiences back. Lotte Cinema World Tower's SUPER PLEX in Jamsil — the chain's flagship large-format auditorium, once Guinness-certified as the world's biggest cinema screen, with bean-bag and sofa-bed seating up front for full recline. Courtesy of Lotte Cinema A supplementary budget approved in April allocated 27.1 billion won for 4.5 million cinema discount vouchers worth 6,000 won each. After the first round, about 2.05 million vouchers were distributed in a second round beginning July 8 through CGV, Lotte Cinema, Megabox and CineQ. The Culture Ministry made the seasonal strategy unusually explicit. The title of its July 6 announcement promoting the second round asked: “How about the cinema as your summer vacation destination?” That makes this summer’s box-office rebound impossible to pin on one factor. Record heat has made air-conditioned indoor entertainment more attractive. Blockbusters have supplied the films people want to see. Government vouchers have made tickets cheaper. What the heat has done most clearly is give cinema operators a fresh way to sell the one thing Netflix, Disney+ and other streaming platforms cannot provide: the room itself. Whether book clubs, overnight screenings, recliners and premium auditoriums can materially change the economics of moviegoing — or merely deliver extra traffic during an extraordinary summer — remains uncertain. 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