Twitch says it's withdrawing from the South Korean market over expensive network fees

Twitch, a popular video service, will shut down its struggling business in South Korea, a decision its chief executive blamed on allegedly “prohibitively expensive” costs for operating in the country. In a blog post announcing the company’s plan this week, Dan Clancy said the network fees the company has been paying to South Korean internet operators were 10 times more than in most other markets. He did not provide specific numbers to back such claims. The planned withdrawal from South Korea is the latest sign of business struggles at Twitch, which announced in March that it was laying off 400 employees.