Founded in October 2004, Pandora TV is the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload.

The operating company, Pandora TV Co., Ltd., has its headquarters in the Seoul-Gangnam Building in Yeoksam-dong, Gangnam District, Seoul.

[4] In 2008, it was the largest video sharing website in South Korea, and it had 3.6 million members.

At the time, it had 35% of the Korean marketshare for video sharing sites.

Pandora TV raised over $16 million from Silicon Valley venture capital firms – Altos Ventures and DCM - in two consecutive funding rounds 2006 and 2007, which represents the largest foreign investment made so far on any Korean Internet start-up.