Apr 25, 2023
Netflix to invest $2.5bn in new South Korea films and TV shows
Streaming giant Netflix says it will invest $2.5bn in South Korea over the next four years. The firm's co-chief executive Ted Sarandos made the announcement after he met South Korea's President Yoon Suk-yeol in Washington. Netflix has seen success with South Korean productions, including the hugely popular show Squid Game. In 2021, South Korean-made Squid Game became Netflix's most-popular series of all time. The show tells the story of debt-ridden people competing for a huge cash prize in a series of South Korean children's games, with a deadly twist.
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