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The report indicates a +15% quarterly viewership increase in Q3 2023, with Disney+, Netflix, and TVING leading the growth. It also found that Korean SVOD platforms added 716,000 net new subscribers, reaching 19.0 million subscriptions for that quarter.

In the face of Netflix’s increasing dominance in South Korea’s subscription OTT market, the local regulator has now approved the merger of the two Korean OTT services, TVing and Seezn.

Tving and Seezn, two major South Korean streaming services, confirmed their plans to merge, in a consolidation move which is seen as a means to counter the local dominance of Netflix.

South Korea-based platform TVing has acquired "Threesome," "Love Me," and "Honor," while Japanese outlet Wowow obtained "Hammarvik" and "Honour."

The company announced that “Dramaworld” will premiere in Asia on April 2. In South Korea, it will premiere on the Lifetime Korea channel, and also on local OTT provider TVing.