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Netflix announces $2.5 billion investment in Korean content for the platform

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Streaming giant Netflix confirmed it will be investing $2.5 billion into creating Korean content for the platform, including television series, movies and unscripted shows, over the next four years.

Monday at a meeting with South Korea's President Yoon Suk Yeol in Washington. The investment is twice the total amount the company has invested in the Korean market since 2016, when Netflix started its service in the country.

South Korean President Yoon Suk Yeol meets with Netflix co-CEO Ted Sarandos during a news conference in Washington, U.S., April 25, 2023.series launch ever, with 111 million fans in 2021, while"The Glory' and"Physical: 100" became top watched shows globally after their releases.

 

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