Technology Twitch will end service in Korea on February 27, 2024, citing "prohibitively high" costs

[CyberTech]

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https://www.neowin.net/news/twitch-will-end-service-in-korea-on-february-27-2024-citing-prohibitively-high-costs/

Amazon's game-oriented live streaming service Twitch will soon shut down services in South Korea, which is arguably one of the biggest video gaming markets in the world, particularly for PC gamers.

In a blog post, Twitch stated that it will cease operations in Korea on February 27, 2024. Its CEO Dan Clancy stated that the decision came due to the extremely high costs of operating Twitch in that country.

Clancy wrote that Twitch has operated in Korea at a loss for several years due in part because the network fees in that country are up to 10 times higher compared to what they are in other parts of the world. He stated that the company has tried several ways to cut costs, such as using P2P technology for source quality and even cutting down the resolution of streams to 720p. However, these tactics did not stop the company from experiencing what he called "significant losses".

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Twitch will end service in Korea on February 27, 2024, citing "prohibitively high" costs

Twitch has announced it will no longer be available in South Korea after February 27, 2024. The game-oriented streaming service cited "prohibitively high" costs as the reason for its shutdown.

www.neowin.net