Netflix to invest US $2.5 billion in new South Korea films and TV shows

Entertainment

Netflix to invest US $2.5 billion in new South Korea films and TV shows

By Naveel Krishant

Tuesday 25/04/2023

South Korean President Yoon Suk Yeol speaks next to Netflix co-CEO Ted Sarandos during a news conference in Washington, U.S., April 25, 2023.

Streaming giant Netflix says it will invest US $2.5 billion 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. Yoon is currently on a state visit to the US where he is expected to meet President Joe Biden.

Netflix has seen success with South Korean productions, including the hugely popular show Squid Game.

[Source: BBC]

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