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