Netflix in Korea

In 2016, Netflix made a debut in South Korea. The country is regarded as one of the most challenging countries for global companies to thrive because of local competitors.

Supermarket giants Walmart and Carrefour did not survive in a tough competition with local supermarket brands such as E-mart and Lotte Mart. Yahoo that was once dominantly used for a search engine withdrew its service in 2012 in the wake of local teach companies’…

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