CJ ENM’s streaming service TVING has induced an additional KRW 250 billion (USD 206.5 million) in financing as it continues to expand its production slate and audience reach.With this new cash injection, TVING’s enterprise value has risen to KRW 2 trillion (USD 1.64 billion), approximately six times higher than what its valuation was only last summer. The quick rise in the company’s financial clou...
Apple to Compete with Local Streamers, Netflix and Disney+Apple TV+ is set to become the latest streamer to enter the busy Korean streaming market as it will launch in the country on November 4. In addition to pre-existing Apple TV+ originals, the platform will debut its first Korean original series on the same day, Kim Jeewoon’s webtoon adaptation Dr. Brain with Lee Sunkyun.The streaming service ...
PEACHES Wins Top Prize in NAFF Project MarketThe Bucheon International Fantastic Film Festival (BiFan) wound its 25th edition to a close on July 18, and it was the Korean-Thai co-produced horror film The Medium, directed by Banjong Pisanthanakun in Thailand and produced by Director Na Hongjin, which took home the main prize in the Bucheon Choice competition, the Best of Bucheon Award. As a directo...