Tier 1 Pay TV Operators: SK Telecom (SKT) – Cable TV, IPTV and OTT Korea Telecom (KT) – DTH, IPTV and OTT LG U+ – IPTV Demographic Information: Population: 52 million Households: 18 million Broadband Households: 22.6 million OTT Market Leader: Netflix Overview: IPTV is huge in South Korea, with services offered by the top three operators – SK Telecom, Korea Telecom, and LG U+ (a subsidiary of the electronics giant). As a result, the pay TV market in South Korea is experiencing the exact opposite of many developed regions which are contracting. Collectively, the country’s top three pay TV operators grew by 52% from 2017 to 2022. SKT’s almost 9 million pay TV subscribers are made up…