Netflix To Spend $ 500 Million In Korea This Year As 4 Million Local Subscribers Approach – Deadline

Netflix says its spending in Korea will exceed $ 500 million in 2021, with streamer doubling production of local content after hits, including #Living.

At an event today to tout his upcoming roster, Minyoung Kim, vice president of content for Korea, Southeast Asia, Australia and New Zealand, revealed the service had spent 3.8 million paid subscriptions in Korea at the end of 2020. It has north of 200 million subs in the world.

During the showcase, two new original Korean films were revealed:

Moral sense, by Park Hyun-jin, who previously directed the 2016 romantic comedy As for tastes. Her new movie follows a seemingly neat office worker who keeps his BDSM taste to himself, until his coworker accidentally opens her mail and finds a leash.

Carter is directed by Jung Byung-gil (The meanie). The single scene action shot will follow a man after waking up in a motel room with no memory of who he is except for a voice in his ear calling him “Carter.” Following the orders of the voice, Carter embarks on an exhilarating mission to save a kidnapped girl.

As part of today’s event, the streamer also offered a first look at projects including Train to Busan Filmmaker Yeon Sang-ho’s Next Series Hell [see below], which is about a smart and confident lawyer who fights against the New Truth Church and its loyal Arrowhead extremists.

“The K-Wave, or Hallyu as we call it here in Korea, is a huge moment of national pride and we’re proud to be a part of it,” said Minyoung Kim. “Great Korean stories are not new, in fact the storytelling is deeply rooted in Korean culture. But today we live in a world where Parasite is an Oscar winner for Best Picture, BlackPink plays Coachella, and over 22 million homes tune in to horror TV series Sweet home. Audiences all over the world are falling in love with Korean stories, artists and culture. “