Twitch has announced that the company is shutting down in Korea after regulators there imposed a ridiculous new regulatory framework that drove the company's operational costs through the roof. Basically: Korean telecoms convinced gullible regulators to pass a new regulatory framework wherein edge providers and content companies are forced to pay telecoms additional fees just…
Industry groups including ITI, ADIF, IAMAI, and BIF have opposed telcos demand to regulate over-the-top (OTT) services and charge fees, citing violations of net neutrality principles and the contribution of OTT services to data usage growth. They argue that OTT services are additive, not substitutes for traditional telecommunications services, and that they are already regulated under existing laws. They also assert that demanding fees from OTTs would be counterproductive, increase costs, limit consumer choice, and hinder innovation. The groups highlight the importance of OTTs in empowering individuals and contributing to economic prosperity.