Twitch to shut down in Korea (Here's Why)

Twitch plans to shut down its operations in South Korea on February 27, 2023.

Decision due to "prohibitively expensive" operations in esports market.

Network costs 10x higher in Korea than most other countries.

Despite efforts to cut costs, including quality adjustments, expenses remained high.

Twitch operated in Korea at a significant loss.

Clancy mentioned that the decision to cease operations in Korea is a "unique situation."

The company sees no sustainable pathway forward to continue its business in South Korea.

Reason for high network fees unclear but may be linked to recent discussions on tech companies covering costs.

Twitch expresses disappointment in the difficult decision.

Acknowledges Korea's special role in international esports, grateful for communities built on Twitch.