Live broadcast platform Twitch announced that it would withdraw from the South Korean market in February next year because of high Internet fees.

Thanks to CTOnews.com netizens Baa Yang, OC_Formula, soft media users 1520111, Coje_He, Xiao Zhan cut, affectionate Chensi, see one, ZJack clue delivery! According to news from CTOnews.com on December 6, Twitch, a well-known overseas live broadcast platform, issued an official press release today, saying that it plans to shut down related business in South Korea on February 27, 2024 due to excessive Internet usage fees in South Korea.

The icon of ▲ Twitch the company CEO Dan Clancy claims that Twitch has been losing a lot of money in South Korea because Twitch's operating costs in South Korea are "unbelievably high".

Dan Clancy said it had put a lot of effort into reducing business costs, such as adjusting video quality to 720p and adopting a P2P model, but even so, Twitch's network fees in South Korea were "still 10 times more expensive than in other regions". In the end, Twitch decided that its business had "no sustainable development path" in South Korea and chose to withdraw from the Korean market.

CTOnews.com also found that the relevant news ranked first in the list of hot searches on Weibo, but many users mistook it for South Korean girl group Twice, so it caused some own trouble.