In February 2024, Twitch exited the South Korean market, citing high fees and operational costs. In the last month before ceasing operations in the country, Twitch record 36 million hours of content watched. The platform's main competitor in the region was AfreecaTV, with almost 100 million hours of live streamed content watched. Live streaming platform Chzzk was launched by Nader at the end of 2023, right after Twitch's decision to abandon the country. The platform reported approximately 50 million hours of watched content in the examined month.
Leading South Korean streaming platforms in February 2024, by hours watched
(in millions)
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VentureBeat, & Stream Hatchet. (April 23, 2024). Leading South Korean streaming platforms in February 2024, by hours watched (in millions) [Graph]. In Statista. Retrieved August 07, 2024, from https://www.statista.com/statistics/1482537/top-live-platforms-south-korea/
VentureBeat, und Stream Hatchet. "Leading South Korean streaming platforms in February 2024, by hours watched (in millions)." Chart. April 23, 2024. Statista. Accessed August 07, 2024. https://www.statista.com/statistics/1482537/top-live-platforms-south-korea/
VentureBeat, Stream Hatchet. (2024). Leading South Korean streaming platforms in February 2024, by hours watched (in millions). Statista. Statista Inc.. Accessed: August 07, 2024. https://www.statista.com/statistics/1482537/top-live-platforms-south-korea/
VentureBeat, and Stream Hatchet. "Leading South Korean Streaming Platforms in February 2024, by Hours Watched (in Millions)." Statista, Statista Inc., 23 Apr 2024, https://www.statista.com/statistics/1482537/top-live-platforms-south-korea/
VentureBeat & Stream Hatchet, Leading South Korean streaming platforms in February 2024, by hours watched (in millions) Statista, https://www.statista.com/statistics/1482537/top-live-platforms-south-korea/ (last visited August 07, 2024)
Leading South Korean streaming platforms in February 2024, by hours watched (in millions) [Graph], VentureBeat, & Stream Hatchet, April 23, 2024. [Online]. Available: https://www.statista.com/statistics/1482537/top-live-platforms-south-korea/