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Ted Sarandos - 1 Sarandos - 1 Don Kang - 1 Scanline - 1 Han Duck - 1 Park Chan - 1 Woo - 1 1,293.1100 - 1
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SEOUL South Korea Seoul South Korea Eyeline Studios Korea United States
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Netflix - 1 Korea Radio Promotion Association - 1 Eyeline Studios - 1 South - 1 Thomson - 1

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☆ Netflix CEO says $2.5 bln Korean investment won't exploit local talent
  + stars: | 2023-06-22 | by ( ) www.reuters.com   time to read: +2 min
South Korea has created some of the Californian company's biggest shows, which have become synonymous with the broader international success of the country's cultural exports and spurred it to announce a $2.5 billion investment in Korean content in April. Don Kang, Netflix's vice president of Korean content, said the company was planning to expand its content investment to films and non-fiction, after previously focusing on series. On Wednesday, Sarandos met with celebrated South Korean director Park Chan-wook and film students and said telling stories from other countries, not just Hollywood, was his "most proud decision". South Korea has produced four of Netflix's 10 most-watched non-English language series, including "Squid Game", "The Glory" and "Extraordinary Attorney Woo". But as Netflix is by far the biggest streaming platform in South Korea, there are also concerns over its dominance.
Persons: Ted Sarandos, Sarandos, Don Kang, Scanline, Han Duck, Park Chan, Woo, 1,293.1100, Hyunsu Yim, Ed Davies, Sam Holmes Organizations: Netflix, Korea Radio Promotion Association, Eyeline Studios, South, Thomson Locations: SEOUL, South, Korea, Seoul, South Korea, Eyeline Studios Korea, United States
☆ Global audience demand for streaming Asian movies, series grows with hits like 'Squid Game'
  + stars: | 2023-05-28 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
But investment in Asian, especially Korean, content is still high. "Some might think that supply outstripping demand globally could mean a slight pullback in investment could be on the table. The behemoth streaming service said it plans to invest $2.5 billion over the next four years to produce more Korean shows and movies. While global demand for Korean-language TV shows has increased since early 2020, it has still been outpaced by the supply of the content. Meanwhile, that demand has stagnated in comparison to other Asian language TV series, specifically Japanese and Chinese, according to Parrot.
☆ North Korea claims that in 1 day, 800,000 youths just up and decided to voluntarily join its army and fight the US
  + stars: | 2023-03-20 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +4 min
North Korea on Sunday claimed that 800,000 young people signed up to join the military in one day. Even if this were true, it doesn't necessarily mean Pyongyang's army has 800,000 new soldiers, an expert says. Even if North Korea did recruit 800,000 army personnel in a day, it may not mean that its military strength will increase by that amount, Gordon Kang, who researches North Korea at the East Asia Institute in Singapore, told Insider. On Sunday, North Korea launched another missile test that flew an estimated 500 miles east and fell into the ocean. North Korea currently has an estimated 1.15 million active-duty troops, including 950,000 army personnel, according to the CIA.
☆ Netflix announces 'biggest-ever lineup' of Korean films and series
  + stars: | 2023-01-17 | by ( Brahmjot Kaur | ) www.nbcnews.com   time to read: +3 min
Netflix announced 34 new Korean titles to hit the streaming platform in 2023, including a diverse array of series and movies. The upcoming titles, which Netflix calls their “biggest-ever lineup of Korean films and series,” includes 21 scripted shows, five reality shows, six movies and two documentaries. Korean content on the platform has continued to grow, with over 60 percent of all Netflix users watching Korean titles last year, according to a release from the company on Monday. The global popularity of Korean media and culture, known as the “Korean Wave,” is still proving successful in the U.S., with shows like “Squid Game” being Netflix’s most successful series launch of all time. For its part, Netflix has been steadily investing in Korean content — reportedly over $500 million in 2021 and even more in 2022.
☆ Netflix plans biggest-ever slate of Korean content in 2023 as Korean fever explodes
  + stars: | 2023-01-16 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Netflix is planning its largest-ever lineup of South Korean content, with 34 new and returning titles set to roll out this year. It said that audience data showed “over 60% of all Netflix members” watched Korean titles last year. In 2021, company executives said Netflix (NFLX) planned to invest about $500 million into Korean content, on top of $700 million already spent since 2016. The move underscores how Netflix is increasingly doubling down on Korean content as fans worldwide continue to buzz over it. Other media behemoths, such as Disney (DIS), are also betting big on Korean content.
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