Netflix and SK Broadband have resolved their dispute over network traffic costs.

Following a dispute over whether Netflix should pay for costs stemming from increased network traffic and maintenance work, South Korean internet service provider SK Broadband and Netflix have announced that they will cease all lawsuits with each other.

On Monday, SK Broadband and its parent company, SK Telecom, released a joint statement with Netflix announcing that they had reached an agreement on a partnership to create collaborat....