Netflix to invest $2.5 billion in South Korea to make TV shows, movies

Netflix to invest $2.5 bil in South Korean content

Netflix will invest $2.5 billion in South Korean content over the next four years, the streaming giant's CEO Ted Sarandos announced after meeting with the country's President Yoon Suk Yeol in Washington. South Korea has cemented its status as a global cultural powerhouse in recent years, thanks in part to…

Netflix to Invest $2.5 Billion in South Korea to Make TV Shows, Movies

Netflix Inc. said on Tuesday it will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies, and unscripted shows, doubling its investment in the market since 2016. The U.S. streaming service made the announcement after a meeting between South Korean President Yoon Suk Yeol and Netflix co-CEO Ted Sarandos. Yoon arrived in Washington on Monday for a six-day state visit. President Yoon welcomed the investme…

Netflix Invests Big in South Korean Content

Netflix is working to replicate its success with the widely popular series Squid Game in a new partnership with South Korea. The company’s co-chief executive Ted Sarandos announced Netflix will invest $2.5 billion in South Korean TV shows and films over the next four years after meeting with the country’s president…Read more...

Netflix to invest $2.5 billion in Korea content after Yoon meeting

Netflix co-CEO Ted Sarandos was one of the first to meet South Korean president Yoon Suk Yeol during his U.S. trip, which started on Monday.

Netflix to invest $2.5 billion in South Korea as K-content continues to dominate

By Gawon Bae and Michelle Toh, CNN Netflix is doubling down on South Korea with plans to invest $2.5 billion over the next four years to produce more K-dramas, movies and reality shows. The streaming giant announced the push Monday, following a meeting between South Korean President Yoon Suk Yeol and its co-CEO Ted Sarandos in Washington. The investment is double the amount that Netflix has announced so far in the fast-growing market since arriv…

“Parasite” and “Squid Game” are booming. Netflix has now announced that it is investing more in South Korean productions.