Some of the most well-liked non-English language content material on Netflix over the previous a number of years has been from South Korea. From flesh-eating zombies to medical dramas, romantic comedies, and melodramas, there’s a ton of beloved Korean content material accessible on Netflix worldwide. Thanks to the success of their Korean titles, over the subsequent 4 years Netflix might be investing an extra $2.5 billion in South Korea.
Over the previous decade, the whole world has seen a meteoric rise within the consumption of media from South Korea. Okay-Pop has taken the world by storm due to unimaginable teams akin to BTS, BLACKPINK, Red Velvet, and lots of extra. As for streaming, Netflix has quick turn into probably the greatest platforms on the earth to eat unimaginable South Korean motion pictures and TV reveals. The Netflix Original sequence Squid Game was a worldwide phenomenon, All of Us Are Dead, and Kingdom had us scared of zombies once more, and the handfuls of weekly dramas accessible will go away you with no scarcity of binge-worthy content material.
All of Us Are Dead (left) Squid Game (heart) and Kingdom (proper) have been among the hottest Korean titles on Netflix.
Previously, between 2015 and 2020 Netflix invested $700 million into South Korean content material. It should even be famous that on the finish of 2019, Netflix signed a take care of South Korean cable tv community jTBC, and with CJ ENM, which has supplied plenty of among the most fashionable weekly launched titles on the platform.
South Korean motion pictures and tv reveals are among the most closely consumed non-English language content material on the platform, which was revealed by Netflix in December 2022 when the streaming service disclosed that 60% of its 223 million subscriber base recurrently consumed South Korean content material.
When you take into account the size of Okay-drama content material being consumed by Netflix’s subscriber base, it isn’t in any respect shocking that billions are being invested into the nation.
Ted Sarandos, the co-CEO of Netflix had the next to say concerning the funding;..
“Hello. This is Ted Sarandos, Co-CEO at Netflix. It is an honor to satisfy with President Yoon right this moment.
As talked about by President Yoon, Netflix is ​​delighted to substantiate that we’ll make investments USD 2.5 billion in Korea together with the creation of Korean sequence, movies, and unscripted reveals over the subsequent 4 years. This funding plan is twice the entire quantity Netflix has invested within the Korean market since we began our service in Korea in 2016.
We had been capable of make this determination as a result of we’ve nice confidence that the Korean artistic business will proceed to inform nice tales. We had been additionally impressed by the President’s love and powerful help for the Korean leisure business and fueling the Korean wave. I’d prefer to personally thank the President for his form response letter to his.
It is unimaginable that the love in direction of Korean reveals has led to a wider curiosity in Korea, due to the Korean creators’ compelling tales. Their tales are actually on the coronary heart of the worldwide cultural zeitgeist.
I’ve little question our funding will strengthen our long-term partnership with Korea and Korea’s artistic ecosystem. We are deepening our partnership with the Korean artistic business, which has produced international hits akin to ‘Squid Game’, ‘The Glory’, and ‘Physical:100’. With the partnership, we’ll proceed to develop with the native business whereas sharing the enjoyment of leisure with Korean storytellers to our followers world wide.
We wish to categorical our gratitude to the President and likewise to the Korean artistic business and our companions in Korea.
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