This morning, I shared with our community in Korea that we’ve made the difficult decision to shut down the Twitch business in Korea on February 27, 2024 KST. We understand that this is extremely disappointing news, and we want to explain why we made this decision and how we are planning to support those impacted.
Ultimately, the cost to operate Twitch in Korea is prohibitively expensive and we have spent significant effort working to reduce these costs so that we could find a way for the Twitch business to remain in Korea.
Which would be passed to their customers in the form of more expensive VPN price. Either way, the ISPs are the winner here, and I think someone mentioned that it’s practically impossible to create a new ISP due to regulatory capture so there will be no competition to challenge the oligopoly.
What’s funny is Korean VPNs would be paying the fees to the ISPs instead, lol. ISPs still get their money.
Which would be passed to their customers in the form of more expensive VPN price. Either way, the ISPs are the winner here, and I think someone mentioned that it’s practically impossible to create a new ISP due to regulatory capture so there will be no competition to challenge the oligopoly.