Netflix Has Invested $700 Million USD in Upcoming Korean Content
Building on the recent popularity of its Korean entertainment lineup, Netflix has now launched a new massive ₩770 billion KRW (approximately $701,738,422 USD) plan to increase its investment in K-content. The staggering $700 million USD investment trumps the streaming platform’s already sizeable ₩333.1 billion KRW (approximately $303,570,219 USD) push seen back in 2019.
Establishing Netflix Entertainment Korea in September 2020 with plans to operate a content creation studio in March, Netflix has edged its way into South Korea’s media industry with 3.62 million current subscribers. But it is the global appeal of K-content seen as of late that has Netflix placing its focus on creating more original Korean content.
Image Credit: Netflix