City
Epaper

Spotify arrives in South Korea amid fierce competition

By IANS | Updated: February 2, 2021 09:20 IST

Seoul, Feb 2 Global streaming giant Spotify said on Tuesday that it has launched its music streaming service ...

Open in App

Seoul, Feb 2 Global streaming giant Spotify said on Tuesday that it has launched its music streaming service in South Korea, the home market of K-pop.

The service, which originally launched back in 2008, has more than 60 million songs and over 320 million users across 93 markets.

The latest launch comes amid the growing presence of K-pop in global markets.

The service said it has been running K-pop playlists since 2014 and noted last year that the portion of K-pop listening has jumped by more than 2,000 percent over the last six years, with total streaming time reaching 180 billion minutes.

Spotify said it aims to capture the local market with its playlists specifically tailored for South Korean listeners, reports Yonhap news agency.

The music streaming service faces stiff competition here, the sixth-largest music market in the world, from rivals such as Melon, under top messenger operator Kakao, and Genie Music, an affiliate of telecom operator KT Corp.

Apple Music, which launched back in 2016, has struggled to take off in the country.

Spotify will offer two monthly subscription plans in South Korea starting from 10,900 won ($9.75) but will not offer its free ad-supported version, unlike in other markets.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: KT CorporationseoulYonhapSouth KoreaRepublic of korea
Open in App

Related Stories

InternationalSouth Korean Rocket Blast: Massive Explosion After Hanbit-Nano Rocket Fails During Launch at Alcantara Space Center in Brazil

EntertainmentPower Couple Kim Woo Bin and Shin Min Ah’s Wedding Photos Break Internet (See Pics)

EntertainmentShin Min-Ah and Kim Woo-Bin Wedding: Korean Power Couple Set to Tie the Knot; Pre-Wedding Pic Goes Viral

EntertainmentJapanese Woman Who Tried to Kiss BTS Jin During Meetup Event Faces Legal Action

EntertainmentK-Drama Stars Shin Min Ah and Kim Woo Bin Announce Wedding After 10 Years of Dating

Technology Realted Stories

TechnologyRBI announces Rs 3 trillion liquidity boost to through OMOs, forex swap

TechnologyMinister advises India Post to drive strategic biz growth, boost regional outreach

TechnologyGovt reaffirms commitment to integrate surveillance, strengthen labs to combat influenza

TechnologyOver 4,500 Industrial Parks playing key role in India’s big push for growth

TechnologyExperts call for ramping up science and tech investment in India