In a recent announcement, Twitch CEO Dan Clancy revealed that Twitch will be ending its operations in Korea as of February 27, 2024. The decision, while regrettable, is attributed to the prohibitively high operating costs in the country.
Efforts were made to explore cost-cutting measures, such as testing a P2P model for source quality and adjusting the maximum video quality to 720p. Despite these attempts, the network fees in Korea proved to be 10 times higher than in most other countries, leading to unsustainable operations for Twitch in the region.
The cessation of Twitch operations in Korea means that, as of February 27, 2024, Korean viewers won't be able to purchase Twitch's paid products, and streamers will no longer generate revenue through the platform.
To aid affected streamers and viewers, Twitch plans to support a smooth transition to other platforms like AfreecaTV and YouTube. Twitch will utilize its notification feature (Onsite Message) to guide users to alternative services. The company is also in discussions with relevant companies to explore additional ways to assist in the community transfer process.
Dan Clancy acknowledged the difficulty of the decision and expressed gratitude for the hard work put into building the Twitch community in Korea. He emphasized Twitch's commitment to remaining in close contact with the community in the coming weeks leading up to February 27, 2024.
For more detailed information, affected users can refer to the help post, and Twitch CEO Dan Clancy will be addressing the community directly on December 6th at 9:30 AM via a /TwitchKR live stream. The company aims to keep users informed of any progress regarding community transfers to other platforms.
Here is the video from that broadcast: https://www.twitch.tv/videos/1996303019
References : https://blog.twitch.tv/ko-kr/2023/12/05/an-update-on-twitch-in-korea/
