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Netflix sued? Popularity of Squid Game lands streaming giant in hot water

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Millions of viewers have been sucked into the terrifying world of Squid Game.

Released only a fortnight ago, the South Korean series has hit number one on Netflix in an incredible 90 countries.

In fact… this is the reason Netflix is in hot water with South Korea

A South Korean internet service provider is suing Netflix over the increased traffic thanks to its growing popularity in the country

SK Broadband claims that Netflix is South Korea’s second-largest traffic generator, after YouTube, and other streaming giants such as Facebook and Apple, who are paying network usage fees.

Google’s YouTube and Netflix the two are the only companies to not pay network usage fees.

What does Seoul want?

Essentially – SK Broadband’s lawsuit wants Netflix to pay for network access.

A Seoul court said Netflix should “reasonably” give something in return to the internet service provider for network usage.

Many South Korean politicians agree, and have spoke out against content providers who do not pay for network usage, despite the insane amount of viewers generating usage traffic.

SK Broadband says Netflix’s data traffic handled by the service had jumped 24 times from May 2018 to 1.2 trillion bits of data processed per second as of September – this stat is largely due to Squid Game.

In its court documents, SK estimated the network usage fee Netflix needed to pay was about 27.2 billion won ($31.55 million) in 2020 alone.

Will Netflix pay?

Well – they don’t want to.

Netflix said it would review SK Broadband’s claim for increased network traffic and maintenance work costs.

Reuters reported that Netflix had previously brought its own lawsuit on its obligation to pay SK Broadband network fees. The world’s largest streaming giant argued its obligation is to create the content and make it accessible.

Netflix has significantly increased its presence in South Korea and says its brought a lot of dollars to the Asian country.

In fact, Netflix said it had invested 770 billion won in South Korea’s TV and film production industry, adding an extra 16,000 jobs.

According to Bloomberg, Netflix committed to this year spending $US500 million in South Korea to capitalise on what was one of its fastest-growing markets.

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Trump orders Pentagon to resume nuclear testing immediately

Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

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Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety

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In Short:
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
US President Donald Trump has ordered the Pentagon to resume nuclear weapons testing immediately, aiming to align with testing programs from other countries according to the conversation.Resuming explosive nuclear tests would likely trigger retaliatory responses from nuclear-armed nations like Russia and China, worsening the arms race and increasing global risks.

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The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.

Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.

Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.

Proliferation Risks

Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.

Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.

The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.

The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.

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US–China trade talks are a handshake, not a deal

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

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Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.


Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.

Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.

#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews


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Markets cautious as rate cut hopes fade

Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.

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Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.


Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.

#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate


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