Streaming giant Netflix has announced plans to spend nearly USD 500 million in South Korea in 2021, thus adding more variety and diversity to their growing slate across the globe. South Korean shows, movies and K-pop have garnered global popularity in recent years, building audience base in countries such as the US and India, which have a robust entertainment industry of their own. “That’s why we’re investing nearly 500 million USD in Korea in 2021 to add more variety and diversity to our growing slate,” Kim added. Netflix has over 3.8 million subscribers in South Korea. The streamer said it will be working with top talent and filmmakers as well as emerging voices from across South Korea to create stories in every genre.

Source: Indian Express February 25, 2021 11:03 UTC