SEOUL : When Netflix co-CEO Ted Sarandos visits South Korea this week he will find an entertainment industry that has achieved global fame through hits such as"Squid Game" and"The Glory", but also growing worries about its effects on the local market.
The government last week announced plans to provide 500 billion won to help local streaming platforms compete with global rivals such as Netflix amid soaring production costs. Against this backdrop, President Yoon Suk Youl welcomed Netflix’s $2.5 billion investment as a"big opportunity" for both South Korea and the U.S. streaming giant.
Unlike the EU, South Korea does not have laws requiring foreign streaming services to produce or invest in local content.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: