Twitch Shutting Down Business Operations in South Korea

Twitch Shutting Down Business Operations in South Korea

Twitch has announced it will be shutting down its business operations in South Korea due to the high operational costs. The closure will impact the streaming community and the esports market in the country. Twitch plans to assist Korean streamers in finding new platforms and collaborate with competitors to support the transition. Major esports publishers will need to relocate and rebuild their platforms elsewhere. This decision showcases the challenges Twitch faces in specific markets and the resulting implications for both streamers and the wider esports industry.

The Strong Office Real Estate Sector in Seoul: Lessons for the Remote Work Debate

The Strong Office Real Estate Sector in Seoul: Lessons for the Remote Work Debate

The office real estate sector in Seoul, South Korea, is thriving with over 98% occupancy in grade-A offices, highlighting a cultural preference for workers to return to the office. This is in contrast to the struggles faced by the US commercial real estate sector, where remote work remains popular, resulting in high office vacancies. Factors contributing to Seoul’s success include a shortage of office space, steady economic growth, and a willingness to embrace office work. The US, on the other hand, is attempting to address the issue by incentivizing the conversion of empty offices into apartments. The remote work debate continues to divide the workforce as companies navigate the challenges and opportunities of the evolving work landscape.