The online video service, OTT industry, is in a period of change and transformation as evidenced by the recent news of the merger between TVing and KT's Seezn platform.

The South Korean OTT industry is currently in a period of change and transformation. The recent news of the merger between TVing and KT's Seezn platform is indicative of this change. There are several possible reasons for this change, including the need for better performance in the face of worsening conditions in the industry, and the possibility of selling another indigenous OTT platform, Watcha.

There is a change in perception in the online video service, OTT industry, which was struggling with worsening performance.
South Korea's OTT platform "TVing" merged with KT's OTT platform "Seezn" in December. This news is raising the possibility of selling another indigenous OTT, Watcha.

There are currently 4,235,000 people with the Wavve. It is followed by TVing with 4.01 million, Coupang Play with 3.73 million, Seezn with 1.56 million, and Watcha with 1.08 million.

There are more than 11 million Netflix users in Korea and Disney Plus is still 1.68 million.

The reason why the online video service, OTT. industry is accelerating its combination link is also due to its unique characteristics of the Korean OTT industry, which has been represented by the three local telcos. On top of that, there is an expectation that demand will flock to OTT as it will be 15,000 won per offline movie ticket.