Twitch to shut down in South Korea due to high costs
Amazon's streaming unit Twitch on Tuesday said it will shut down operations in South Korea in February next year, due to high operating costs and network fees.

"Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in that country," CEO Dan Clancy said in a blog.
Network fees in Korea are still 10 times more expensive than in most other countries, he said, adding that the company spent significant effort working to reduce operating costs to remain in business.
Twitch had laid off more than 400 employees in March after its user and revenue growth did not meet expectations.
Most Read News
-
US Army says 3 soldiers found dead in Lithuania after ve
-
French presidential front-runner Le Pen vows to challeng
-
China discovers 100-million-ton crude oil reserve in Sou
-
Germany’s Baerbock announces $12B military aid package f
-
Russia, Ukraine trade accusations over renewed strikes o
-
Khamenei warns of ‘firm retaliation’ to any ‘external ag
-
Finland plans to quit landmine treaty: President
-
Ukraine says it carried out 1st round of consultations w
-
Death toll from Myanmar earthquake surpasses 2,700
-
Gaza death toll nears 50,400 as Israeli army kills 42 mo