Netflix Gives USD 500 Million Budget For Content Production In South Korea

Still cut Hellbound (Netflix)

JAKARTA - Netflix will add more budget for content production in South Korea. At the Netflix show See What's Next Korea 2021 being held today, February 25, they will double their budget for production.

According to Kim Minyoung, VP of Content Korea, Southeast Asia, Australia, and New Zealand, the streaming service gained 3.8 million subscribers in South Korea by the end of 2020. Movies and series from South Korea are very popular on Netflix.

One of them the Sweet Home series, starring Song Kang and Lee Do Hyun has been watched by more than 20 million viewers worldwide. An amazing achievement.

“Stories from Korea are not new, but the fact is the storytelling process is deeply rooted in Korean culture. Today we live where Parasite is the winner of the Best Picture Academy Award, BlackPink plays Coachella, and more than 22 million subscribers watch Sweet Home. Audiences around the world love Korean stories, artists, and culture”, said Kim Minyoung.

At the same event, Netflix also announced their first two original films from South Korea, Carter and Moral Sense.

Carter, directed by Jung Byung-Gil, tells of a man who has lost his memory and wakes up in a motel room. She is looking for a way to save a kidnapped child.

In addition, there is Park Hyun-jin's Moral Sense, known as the film Like For Likes. This film tells the story of two workers where a man with an unusual sexual appetite and a woman who knows the secret.

The complete list of the latest Netflix films and series can be seen here.