South Korean carriers expect to surpass 6 million IPTV subscribers this week

South Korea could top 6 million IPTV subscribers by the end of this week, industry officials in that field said Monday.

According to statistics compiled by three IPTV operators--KT, SK Broadband and LG U+--and trade group Korea Digital Media Industry, there were already 5.9 million subscribers in the country as of Oct. 28. Following a trend of 30,000 to 40,000 subscriber additions per week, the statistics indicate the tide will rise above 6 million by the end of this week.

"IPTV operators are more desperate than before in their efforts to attract subscribers, each releasing new packages," an industry official said in a story issued by Yonhap News. "We see the growth will be maintained with no difficulty until the number of subscribers reaches 8 million."

It certainly appears that nothing is getting in the way of the IPTV trend. The business only began in 2008 and already listed 5 million paid subscribers seven months ago. It took seven years for cable TV to surpass 6 million subscribers when it became available in 1995.

Part of the reason for the surge of IPTV subscribers is the impeding analog-to-digital switchover, which will happen by the end of this year. Given the choice of IPTV or cable, industry officials said, subscribers appear to be leaning in favor of IPTV.

For more:
- see this story

Related articles:
South Korean IPTV provider LG Uplus clears way for Google TV in Korea
Korean telcos boost IPTV bets

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