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Korean Local OTT Services Outpace Netflix

Korean Local OTT Services Outpace Netflix

(Photo=Netflix, TVING, Wavve, Coupang Play, Motionelements) According to UK-based market research firm Omdia, Netflix maintains its top position in the Korean OTT market, capturing 31% of total subscribers. However, major Korean platforms like TVING (16%), Coupang Play (13%), and Wavve (11%) collectively hold a 40% market share, surpassing Netflix. The success of these local platforms reflects their strong cultural relevance

May 22 2025
08:00 AM PDT
HD Hyundai Poised to Win $2.5 Billion Mega Order for Up to 12 Ultra-Large Containerships from Japan’s ONE

HD Hyundai Poised to Win $2.5 Billion Mega Order for Up to 12 Ultra-Large Containerships from Japan’s ONE

(Photo=ONE) HD Korea Shipbuilding & Offshore Engineering (KSOE) has emerged as the leading candidate to secure a $2.5 billion order from Japan’s largest shipping company, Ocean Network Express (ONE), for up to 12 ultra-large containerships. HD Hyundai is strengthening its competitiveness in the containership market with overwhelming technological prowess, quality, and delivery reliability. According to Norway’s shipping industry publication 'TradeWinds'

May 22 2025
07:00 AM PDT
Hyundai’s ‘National Car of India’, the Creta Hybrid, Gears Up for Launch — 26 New Models Planned by 2030

Hyundai’s ‘National Car of India’, the Creta Hybrid, Gears Up for Launch — 26 New Models Planned by 2030

Photo=Hyundai Motor Company Hyundai Motor Company is preparing to launch a hybrid version of the Creta, widely regarded as India’s “national car.” As part of its strategy, the company plans to introduce a total of 26 new models in the Indian market by 2030, with the Creta Hybrid leading the charge. According to industry sources on May 21, Hyundai Motor

May 21 2025
12:00 PM PDT
Korea’s Big Three Shipbuilders Compete for $500 Million Ethane Carrier Deal — Chinese Yards Excluded

Korea’s Big Three Shipbuilders Compete for $500 Million Ethane Carrier Deal — Chinese Yards Excluded

Photo=HD Hyundai Heavy Industries Korea’s Big Three shipbuilders — HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean — are set to compete for an order of three Very Large Ethane Carriers (VLECs) from India. The state-run Oil and Natural Gas Corporation (ONGC) has requested price quotations from the three Korean companies. With China, a dominant force in the

May 21 2025
11:00 AM PDT
Hanwha Aerospace to Build Joint Missile Production Facility with Poland’s WB Group

Hanwha Aerospace to Build Joint Missile Production Facility with Poland’s WB Group

(Photo=Hanwha Aerospace) Hanwha Aerospace, a leading South Korean defense contractor, has partnered with Poland's private defense firm WB Group to establish a joint production facility for precision-guided missiles. The companies are evaluating potential sites in western and southwestern Poland-regions considered lower in military risk-where they plan to manufacture components for the Chunmoo multiple launch rocket system as well as other

May 21 2025
09:00 AM PDT