Twitch to shut down in South Korea due to high costs

FILE PHOTO: Children playground miniatures are seen in front of displayed Twitch logo in this illustration taken April 4, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Amazon's streaming unit Twitch on Tuesday said it will shut down operations in South Korea in February next year, due to high operating costs and network fees.

"Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in that country," CEO Dan Clancy said in a blog.