Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Chinalco and Rio Tinto Acquire Controlling Stake in Brazil’s CBA for $903 Million 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring 
SK Broadband announced on Thursday, Sept. 30 that it had filed a countersuit against Netflix over network usage fees. It was reported that the lawsuit had been based on the court decision in June, which favored the Korean internet service provider.
In April, Netflix’s Korean unit sued SK Broadband and requested the court in Seoul to confirm that it is not its duty to pay the said usage fees concerning data traffic. In June, the court released its decision that ruled against Netflix in the dispute, and the streaming firm filed for an appeal in July.
The Seoul Central District Court rejected and dismissed Netflix’s request that states it has no obligation to pay network usage fees to SK Broadband. Thus, the appeal was filed in an effort to reverse the decision.
“There has never been a case globally where a court or a government forced content providers to pay for network fees,” Netflix said in a statement. “The decision may topple the global internet ecosystem developed by content providers and internet service providers.”
More than two months after Netflix filed its appeal, The Korea Herald reported that SK Broadband, one of the leading broadband internet providers in the country, heads to the Seoul High Court to countersue the streaming service provider.
This move was said to be a follow-up measure as Netflix did not respond to the broadband firm’s proposals. Likewise, SK Broadband went on to file its countersuit so it could finally claim fees for the use of its network so Netflix could provide its service in South Korea.
“Netflix is free-riding on our network that is provided at cost due to the huge spending in initial establishment and annual maintenance,” Pulse News quoted SK Broadband as saying regarding the case. It added that it has decided to countersue because, despite the ruling, Netflix continues to refuse to enter negotiations so they can reach an agreement.
SK Broadband stressed that as of September this year, Netflix Korea consumes around 1,200Gbps of traffic on its network. This number is said to be a big increase from May 2018, when it was only consuming 50Gbps.
The company further noted that maintaining this service for the streaming giant is definitely not for free. Finally, it was estimated that the network usage fee involved in the dispute could reach up to $84.4 million or ₩100 billion.
