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Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Layoffs affect 6% of workforce, the biggest reduction since 2022, as company moves to protect profitability
Falling viewing time and intensifying competition make breakthrough urgent Netflix, the world’s largest video streaming company, will cut about 6% of its workforce as it responds to slowing growth and subscriber departures.
| James choi
2PM's Jang Woo-young launches four-city Asia tour, debuts new song

2PM's Jang Woo-young launches four-city Asia tour, debuts new song

Tour opens Nov. 14-15 at YES24 Live Hall in Seoul Seven shows planned across Japan and Taiwan; singer also previews piano performance of YouTube theme song
Asia tour kicks off as solo artist proves his mettle with new song performance Jang Woo-young of 2PM will meet global fans at a solo concert on Nov. 14 and 15 at YES24 Live Hall in Seoul's Gwangjin district. JYP Entertainment announced the news on the 15th, signaling the grand opening of his Asia...
| James choi
TVING ends Apple TV alliance, shuts brand channel Nov. 23

TVING ends Apple TV alliance, shuts brand channel Nov. 23

TVING officially confirms the contract expiration through its customer service center on the 14th, with service ending at 4 p.m.
Homegrown OTT platform pursues "profitability," upgrading its platform through focus and discipline TVING, one of South Korea's leading online video services , is ending its strategic partnership with global giant Apple TV.
| James choi
Why Wavve’s ‘The Community 2’ tops buzz rankings: Final nine reunite Oct. 16

Why Wavve’s ‘The Community 2’ tops buzz rankings: Final nine reunite Oct. 16

Survivors including ‘My Sibling’s Romance’ contestants Park Se-seung and Seungwoo Appa reunite for survival-show aftermath and unseen episodes
Behind the fierce survival game, final nine reveal the story firsthand Online video service platform Wavve will release a special behind-the-scenes talk show on Oct. 16, continuing the momentum of its original survival reality series ‘The Community 2: The Invisible Hand’.
| James choi
Arirang TV brings K-content to North American homes with free channel launch on 15th

Arirang TV brings K-content to North American homes with free channel launch on 15th

Available on Samsung and LG smart TV platforms via K-Bingers, the channel will stream programs focused on Korean cuisine and tourism
'Arirang TV' is entering the North American media market, the world's largest, to expand the reach of K-content. Arirang TV said on the 14th that it will officially launch 'Arirang K-Culture' on the 15th, a channel dedicated to the advertising-based free streaming TV service ('FAST') serving...
| James choi
SSG.com’s SSG 7 Club sees TVING-style subscribers triple, with 92% retention

SSG.com’s SSG 7 Club sees TVING-style subscribers triple, with 92% retention

Fall baseball drives a surge in signups, with a 7% statement-credit discount available through the 21st
Combining retail and media proves the power of customer lock-in SSG. com’s 'SSG 7 Club' TVING-style membership, which combines grocery-shopping benefits with an over-the-top streaming service, is seeing explosive growth.
| James choi
Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Domestic operating profit reaches just 20.3 billion won, highlighting uneven revenue-sharing structure behind K-content's success
Global online video streaming giant 'Netflix' generated more than 1 trillion won in revenue in South Korea last year for the first time since entering the market. But 81% of that massive revenue was remitted to its U. S. headquarters, leaving the Korean entity with operating profit of just 20.
| James choi
Figure skater Cha Jun-hwan returns to acting after 18 years? TVING sitcom 'Palace Land' marks first leading role

Figure skater Cha Jun-hwan returns to acting after 18 years? TVING sitcom 'Palace Land' marks first leading role

Amusement park sitcom completes its young cast with Woo Da-bi, Lee Jae-won and others
Figure skating star steps in front of a new camera Cha Jun-hwan, South Korea's leading men's singles figure skater, is stepping off the ice and before the public as an actor. TVING officially announced that it will release its original sitcom 'Palace Land', starring Cha Jun-hwan, next year.
| James choi
Rosé set to perform at DiCaprio-hosted Art+Film Gala on 7th next month, captivate audiences worldwide

Rosé set to perform at DiCaprio-hosted Art+Film Gala on 7th next month, captivate audiences worldwide

Rosé has been invited as the 2026 event’s official performance guest, while Eva Chow praises her “unparalleled talent”
Rosé emerges as a global icon at the intersection of art and film Rosé, a member of the K-pop group BLACKPINK, will take the stage at the 2026 Art+Film Gala in Los Angeles on the 7th of next month, drawing the attention of figures from the global art world.
| James choi
Park Ha-sun leaves 'CineTown' after six years, sets sights on acting

Park Ha-sun leaves 'CineTown' after six years, sets sights on acting

Her final broadcast is Nov. 1; she is stepping down to focus on her acting career, with a successor yet to be named
'Candy DJ' bids a graceful farewell, signaling a new leap as an actor Actress 'Park Ha-sun' is officially stepping down from SBS PowerFM's 'Park Ha-sun's CineTown', where she has connected with listeners every morning for the past six years.
| James choi