Twitch to Exit South Korean Market Citing High Network Fees

The decision comes as the latest sign of business struggles for the video streaming platform, which earlier this year laid off 400 employees due to slower than expected growth.

Twitch, the popular video streaming platform, has announced it will withdraw from the South Korean market due to high network fees.
The company's CEO, Dan Clancy, stated that the network fees in South Korea are 10 times higher than in most other markets, making operations unsustainable.
Twitch had previously tried to cut costs by reducing video quality and blocking South Korean streamers from uploading video-on-demand content.
The decision to exit South Korea is seen as the latest sign of business struggles for Twitch, which laid off 400 employees earlier this year due to slower than expected user and revenue growth.
South Korea's 'fair share' concept in telecommunications, which necessitates large online service providers to bear some of the costs for network maintenance and upgrades, is cited as a significant factor in Twitch's decision.