{"id":402486,"date":"2020-12-17T19:03:28","date_gmt":"2020-12-18T00:03:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402486"},"modified":"2020-12-17T19:03:28","modified_gmt":"2020-12-18T00:03:28","slug":"spotify-to-launch-in-south-korea-in-the-first-half-of-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spotify-to-launch-in-south-korea-in-the-first-half-of-2021\/","title":{"rendered":"Spotify to Launch in South Korea in the First Half of 2021"},"content":{"rendered":"

<\/p>\n

Spotify to Launch in South Korea in the First Half of 2021<\/b><\/p>\n

NEW YORK & SEOUL–(BUSINESS WIRE<\/a>)–
\nSpotify (NYSE: SPOT) today announced that it will launch its service in South Korea in the first half of 2021. The world\u2019s most popular audio streaming subscription service will give Korean listeners access to over 60 million tracks and over 4 billion playlists. The launch will enable Korean artists to reach their local music fans, as well as Spotify\u2019s 320 million listeners worldwide. It will also connect listeners in Korea to artists and music from around the world.\n<\/p>\n

\nAs one of the fastest-growing major music markets in the world* and the sixth-largest music market globally**, South Korea is key for Spotify in its mission of giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it. Spotify wants to help accelerate the growth of Korea\u2019s entire music streaming ecosystem, benefiting artists, labels, distributors and fans.\n<\/p>\n

\n\u201cWe are excited about our upcoming launch in South Korea, a market recognised as an epicenter for music, culture and tech innovation,\u201d said Alex Norstr\u00f6m, Chief Freemium Business Officer of Spotify. \u201cSpotify has been a partner to the Korean music industry for many years now. We are proud to have been a part of the K-pop global story, showcasing the genre on our platform and enabling its discovery all over the world, from Asia to the US, South America, Europe and the Middle East. We\u2019re looking forward to working with our valued local partners to uncover more Korean artists, and to connect them with fans in South Korea and all over the world.\u201d\n<\/p>\n

\nSince Spotify debuted its first K-Pop playlist in 2014, listeners have streamed more than 180 billion minutes of the genre and added K-Pop tracks to more than 120 million Spotify playlists. The share of K-Pop listening has increased by more than 2,000% in the last six years. Today, Spotify\u2019s K-Pop genre hub encompasses a wide range of Korean music, including K-pop, Hip Hop, Indie, OST, R&B and more, as well as \u2018RADAR Korea\u2019, a playlist uncovering fresh K-music finds and a part of Spotify\u2019s global emerging artist program. The hub is localised in over 64 countries, including Russia, India, Brazil and the UAE.\n<\/p>\n

\n# # #\n<\/p>\n

* According to IFPI (https:\/\/www.ifpi.org\/ifpi-global-music-report-2019\/<\/a>)<\/i><\/p>\n

** According to IFPI (https:\/\/www.ifpi.org\/wp-content\/uploads\/2020\/07\/Global_Music_Report-the_Industry_in_2019-en.pdf<\/a>)<\/i><\/p>\n

About Spotify Technology S.A.<\/b><\/p>\n

\nSpotify transformed music listening forever when we launched in 2008. Our mission is to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators.\n<\/p>\n

\nToday, with over 60 million tracks and over 4 billion playlists, we are the world\u2019s most popular audio streaming subscription service with a community of more than 320 million users across 92 markets.\n<\/p>\n

\nWe use our Investors<\/a> and For the Record<\/a> websites as well as other social media listed in the \u201cResources \u2013 Social Media\u201d tab of our Investors<\/a> website to disclose material company information. For more information, images, or to contact the press team, head over to https:\/\/newsroom.spotify.com\/<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201217006194\/en\/<\/a><\/span><\/p>\n

Press Contact
\n
<\/b>US – Spotify:
\n
Eileen Moore
\n
press@spotify.com <\/a><\/p>\n

\nKorea – Spotify:
\n
koreapress@spotify.com<\/a><\/p>\n

KEYWORDS:<\/b> New York South Korea United States North America Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Entertainment Other Entertainment Technology Online Music Mobile Entertainment Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Spotify to Launch in South Korea in the First Half of 2021 NEW YORK & SEOUL–(BUSINESS WIRE)– Spotify (NYSE: SPOT) today announced that it will launch its service in South Korea in the first half of 2021. The world\u2019s most popular audio streaming subscription service will give Korean listeners access to over 60 million tracks and over 4 billion playlists. The launch will enable Korean artists to reach their local music fans, as well as Spotify\u2019s 320 million listeners worldwide. It will also connect listeners in Korea to artists and music from around the world. As one of the fastest-growing major music markets in the world* and the sixth-largest music market globally**, South Korea is key for Spotify in its … <\/p>\n

Continue reading “Spotify to Launch in South Korea in the First Half of 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402486","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSpotify to Launch in South Korea in the First Half of 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spotify-to-launch-in-south-korea-in-the-first-half-of-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spotify to Launch in South Korea in the First Half of 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Spotify to Launch in South Korea in the First Half of 2021 NEW YORK & SEOUL–(BUSINESS WIRE)– Spotify (NYSE: SPOT) today announced that it will launch its service in South Korea in the first half of 2021. The world\u2019s most popular audio streaming subscription service will give Korean listeners access to over 60 million tracks and over 4 billion playlists. The launch will enable Korean artists to reach their local music fans, as well as Spotify\u2019s 320 million listeners worldwide. It will also connect listeners in Korea to artists and music from around the world. 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