Oct 10 (Reuters) - Spotify's ( SPOT ) free music and
podcasts service option is now available in South Korea, the
audio streaming platform said on Thursday, as it looks to widen
its audience base.
The streaming giant's freemium business model offers both a
free, limited ad-supported service and an unlimited premium
subscription service.
Spotify ( SPOT ) said that the move will enable them to better
connect global audience with Korean music, which includes K-pop.
Users in South Korea can now sign-up for a free account to
access Spotify's ( SPOT ) playlists, podcasts, and daily mix among others
and can further choose to upgrade to premium on-demand, ad-free
music.
"Brands who advertise on Spotify's ( SPOT ) free tier can deliver
their message effectively as Spotify ( SPOT ) ads capture twice as much
attention than social media platforms globally," the company
said.
Since the launch of Spotify ( SPOT ) in South Korea in 2021, the
average monthly streams of artists from the country on the
platform now surpass 5.8 billion streams, Spotify ( SPOT ) said.