Youtube still struggles in Korea
by Channy Yun on Feb.06, 2009, under Business, Trends
People said Korea is a grave of famous global companies such as Wal-mart, Nokia Carrefour, Nestlé,and Google. MySpace also quits their business in here.
Youtube is not exception. It was opened in one year ago with promotion of Steve Chen, co-founder of Youtube, visited Korea. During one year, Youtube seems nice growth but, it still struggles amang Korean big players.
In last year, online video market was dramatically changed in Korea. Video startups such as Pandora.tv and Mncast.com have been pressed by high cost to manage servers and network traffic because of high quality video upload and download over 700kpbs.
At last, Mncast.com shut down their service in December and doesn’t reopen it, so is getting claims by users. It seems to be caused by debt for CDN(Content delivery network) company. Daum tvPot(30%) is fast-growing in this market, and Pandora.tv(18%) slows down. Cyworld video(12%) also slow changed to get market share. Naver video(9%) is not invested in this area despite of many visiting members. Youytube Korea(9%) was not changed from Jan to Dec.
Daum has 30% market share and it has 11 million playback per day and 200 million page view per month. You can guess how big is online video market. The problem is how to deduce cost and make a money in Korean tough market in ultra-high broadband environment.
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Welcome to Seokchan (Channy) Yun's Home lived in Jeju, Korea. Please just call me Channy. I'm interested in Web 2.0, Mozilla Firefox, Open Source and Web Standards.
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February 6th, 2009 on 4:12 pm
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February 27th, 2009 on 9:52 am
[...] Crunch reports that “Daum has 30% market share and it has 11 million playback per day and 200 million page view per month. ” Other big players in the online Video market are Pandora.tv(18%) , Cyworld video(12%), [...]
April 10th, 2009 on 7:04 am
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November 1st, 2009 on 12:52 am
Youtube is my favorite website and i am so addicted in watching music videos in it.
November 12th, 2009 on 12:33 pm
i am so addicted to Youtube. I watch mostly music videos and funny videos on Youtube sometimes i also upload my own funny videos in youtube. `
November 19th, 2009 on 5:35 pm
Youtube is my super favorite website. I cant spend a day without watching music videos on Youtube.
January 3rd, 2010 on 11:06 pm
Youtube is one of the best Web 2.0 service on the internet today. I really love watching music videos and funny video clips on Youtube.
February 18th, 2010 on 11:16 am
Youtube is my favortie site to visit aside from facebook. most of the time i watched movie trailers and music videos on it.