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Tving, Wavve win conditional approval in South Korea for executive overlap

By Jenny Lee ( June 10, 2025, 03:37 GMT | Insight) -- Tving and Wavve, two of South Korea’s major homegrown streaming platforms, have secured conditional approval from the country’s competition regulator to proceed with an executive overlap arrangement, following a detailed review that raised red flags over potential subscription price increases and reduced consumer choice. The decision, announced today by the Korea Fair Trade Commission, allows executives from CJ ENM and its affiliate Tving to serve concurrently as directors of SK Group-backed Wavve, including the role of CEO. Tving and Wavve, two of South Korea’s major homegrown streaming platforms, have secured conditional approval from the country’s competition regulator to proceed with an executive overlap arrangement, following a detailed review that raised red flags over potential subscription price increases and reduced consumer choice....

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