Twitch has decided to cease operations in South Korea on February 27 2024.
There was a livestream today that gave more detail as to why and what will happen. Changes include:
- No longer being able to make transactions related to Twitch (donating bits/money, subscribing, buying Twitch Turbo) with all recurring payments being stopped after the shutdown date.
- Maximum viewing resolution reduced to 480p, from an already limited 720p. Not even if you use VPNs.
- Korean streamers can no longer monetize on Twitch.
This effectively limits the average Korean viewer to just viewing, chatting, and using channel points (redeems and predictions). VODs, clips, moments have been disabled earlier this year.
Why: Twitch claims that operating costs have gotten too expensive in Korea due to expensive internet/bandwidth fees, which they claim to be 10 times higher than that of other countries.
Phonefagging right now so if more people can get details in it would be appreciated.
Edit: some more details added