Twitch will not survive the South Korean winter, CEO Dan Clancy has announced in a blogpost. The Amazon-owned live streaming platform will end all monetization features in Korea by the close of February 2024. Exiting that market is no easy decision. Over half of the 50 million South Koreans are esports fans, and Twitch, along with YouTube, is one of the most popular gaming-focused live streaming platforms in the country. “Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in that country,” Clancy wrote. Worse, “as Twitch grows, we lose more money in Korea” he said in a livestream explaining the decision. This vicious cycle,…