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SK Telecom joins forces with state broadcaster to fend off Netflix in Korea

Following in the footsteps of France’s Salto, which gained regulatory approval last week, a more aggressive answer to Netflix has just been given the green light in South Korea. SK Telecom has received permission to merge its own over-the-top video service Oksusu with the broadcaster-run Pooq, in which SKT took a 30% shareholding seven months ago when the Korean titan first announced its OTT roll-up plans. This is essentially the equivalent of Sky Europe making a sizeable investment in Britbox, the joint streaming venture between the BBC and ITV in the UK, and then fusing it with Now TV. Or more poignant still, imagine if a bunch of US broadcasters buddied up on a country-wide streaming initiative, only to see…

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