According to reports in the Korea Times, the popular American content and media streaming company Netflix will launch in the South Korean market at the beginning of next year.
“Netflix will make its debut in Korea in January 2016. The official announcement will be made sometime next week,” a source knowledgeable with talks told The Korea Times on Sunday on the condition of anonymity.
The report added that Netflix is currently customizing its strategies for the Korean market while looking to form strategic partnerships with Korean mobile carriers and broadcasters.
The story in the Korea Times also quotes a number of other unnamed sources concerning the deal, but at this writing Netflix has made no announcement or official comment regarding the move.
Last month Netflix announced that it will make its streaming service and original content available in Japan as of September 2nd, calling Japan their gateway to the Asian market. while the price of Netflix stock shot up to a record high following the news.
Founded in 1997, the California-based Netflix is available in more than 50 markets, across the Americas and large areas of Europe. Following a busy year of expansion it is now available in the Australian and New Zealand markets as of March of this year, with plans to launch in Spain, Italy, and Portugal in October.