2,000% increase in the South Korean internet newspaper

SBS

SBS Source: SBS

There were barely 300 internet newspapers in 2005 but now nearly 6,000 in South Korea.


With fewer people reading newspapers, an increasingly engaged online audience, major South Korean newspapers are joining with television stations to boost revenue.

In December 2011, four media consortiums, as well as the public news agency, launched cable news channels.

It meant one day journalists were filing for a newspaper, the next, they were cross-platform reporters.

Statistics from the Korea Audit Bureau of Certification show the circulation of Dong-A Ilbo in 2015 was 917,851.

In the past, we used to have up to 7.3 million readers a day, Mr Kim told SBS in Seoul.

There were over 1,300 daily and weekly newspapers in Korea in 2014, and over 2,000 internet newspapers, according to the Korean Press Foundation.

Data compiled by the Korea Press Foundation shows there has been nearly a 2000 per cent increase in internet newspapers over the past several years.

There were barely 300 in 2005 but it has now grown to nearly 6,000.

By contrast, the revenue has gradually been declining for the more than 300 Korean daily newspapers since 2012, according to the KPF.

Their prospects are quite dark because compared to the rapid growth of the internet and mobile news, the print newspapers are losing their readers, KPFs Nang Ki Kim told SBS.

Although he said the most-read national dailies will survive for some time because of older loyal readers, there is also volatility for Koreas internet newspapers.

There is still some room for internet news providers but its going to reach saturation very soon.

 

 


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