Spotify will launch its music streaming service in South Korea in the first half of 2021 to give local listeners access to about 60 million tracks and over 4 billion playlists and Korean musicians reach more fans here and abroad.
Alex Norstrom, chief Freemium business officer of Spotify, said they are looking forward to uncovering more South Korean artists and to connect them with fans locally and across the globe.
He acknowledged that South Korea is an epicenter for music, culture, and tech innovation.
,
Spotify noted that the portion of K-pop followers has jumped by more than 2,000 percent since it began running K-pop playlists in 2014, and with total streaming time reaching 180 billion minutes.
Launched in 2008, Spotify streams music to around 320 million listeners in 92 markets.


Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
REPAY Stock Rises After Visa Platform Connect Collaboration
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook
Google to Move All Pixel Production Out of China by 2027
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut
Shein Targets $26B-$27B Valuation for Hong Kong IPO
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 



