KORTV Inc.
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KORTV Inc. - overview
Location
Edison, NJ, US
Primary Industry
Media
About
KORTV Inc. is a software-based company specializing in an online streaming platform that offers diverse content, including news and entertainment, primarily focused on Korean culture for users worldwide. KORTV Inc. operates an online streaming service that caters to consumers interested in Korean entertainment.
The company is headquartered in Edison, US. In June 2015, KORTV raised KRW 2 billion in venture funding from IMM Investment, marking a significant investment in the company's growth. The founder's specific history is not detailed, and there are no indications of prior ventures or changes in business strategy. KORTV's primary offering is an online streaming platform that enables users to access a diverse array of content, including news, K-Pop, kids' programming, and other entertainment channels.
The platform is designed for 24/7 accessibility, allowing users to view content at their convenience. KORTV targets consumers interested in Korean entertainment, including individuals residing in Korea and those in the international diaspora. Through its subscription-based model, KORTV provides a global audience with personalized viewing experiences across various devices. KORTV generates revenue primarily through subscription-based services, where customers pay to access premium content and features.
The direct-to-consumer sales model allows users to subscribe to various content packages. While specific pricing plans are not disclosed, the subscription model typically includes tiered options, fostering long-term customer relationships and generating recurring revenue. KORTV's extensive library of channels meets the diverse needs of its audience. In June 2015, KORTV Inc.
raised KRW 2 billion in funding to support its growth initiatives. The company plans to introduce new products and enhance its streaming platform features. Additionally, KORTV aims to expand into new markets, particularly targeting audiences in North America and Europe by the end of 2023. The recent funding will be utilized to develop these new offerings and support market entry strategies.
Current Investors
IMM Investment
Primary Industry
Media
Sub Industries
Web Applications, Music & Video Streaming Software, Television & Film
Website
www.kortv.com/
Company Stage
Early Stage
Total Amount Raised
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