Netflix to spend nearly $ 500 million on Korean content in 2021



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8:15 p.m. PST 02/24/2021

by

Patrick brzeski

The streamer shared his plans at an event in Seoul where he posted first-sight footage of his current slate and revealed a pair of original film projects, the BDSM drama “ Moral Sense ” and the thriller d ‘Carter’ action.

Netflix on Thursday reaffirmed its commitment to the globally attractive entertainment industry in South Korea, unveiling plans to spend nearly $ 500 million in 2021 on domestically produced films and TV series.

The plans were unveiled at Netflix’s popping “See What’s Next Korea” event in Seoul, where Korean directors and stars gathered with creative executives from Netflix to promote current and future originals. of society in the local language. Amid the wave of promotional activity, Netflix also revealed that it currently has more than 3.8 million subscribers in South Korea.

The global popularity of Korean TV and cinema has proven to be even more valuable to Netflix than the relatively small monetary contribution from South Korean subscribers. To date, Netflix has produced more than 80 original Korean shows and movies, building on the rapid success of its very first original in the country, Kim Eun-Hee’s vintage zombie thriller. Kingdom. “Audiences around the world are falling in love with Korean stories, artists and culture,” said Minyoung Kim, Netflix vice president of content for Korea, Southeast Asia, Australia and New Zealand. -Zeeland.

She added, “The K-Wave, or Hallyu as we call it here in Korea, is a huge moment of national pride and we are proud to be a part of it. Great Korean stories are nothing new, in fact, 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 households are tapping into a horror TV series, Sweet home. “

More than a dozen Korean actors and directors have joined Netflix to promote previously announced Korean originals which will premiere on the service this year. Among them were stars Bae Doo-na and Lee Joon from The silent sea, a sci-fi series about a team sent to an abandoned research center on the Moon; Leading Korean director Yeon Sang-ho (Train to Busan) and the cast of his supernatural thriller series Hell, including Yoo Ah-in, Park Jung-min, Kim Hyun-joo, Won Jin-ah and Yang Ik-June; and the cast of Squid game, a thriller about the participants in a secret survival game with a prize of 40 million dollars.

Netflix also revealed two unreleased original Korean films at the event, both with edgy locals: BDSM drama Moral sense and action thriller Carter.

Directed by Park Hyun-jin (As for the likes), Moral sense follows a seemingly neat office worker who keeps his BDSM taste to himself, until his coworker accidentally opens her mail and finds a leash. Once her secret is revealed, the two develop into a male-sub and dominant female relationship.

Carter is described as a “one scene, one cut action movie”. Directed by Jung Byung-gil, follows a man after waking up in a motel room without remembering 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.

“We are working with the best talent and filmmakers, as well as exciting emerging voices from all over Korea to create the best class stories in all genres,” Kim said, adding, “This year we have Korean dramas. as The silent sea, Squid game, and Kingdom: North Ashin, daring films like Carter and Moral sense, new reality TV series like Good spirit, documentaries like My love, and our first Korean sitcom, So not worth it. We can’t wait for our members all over the world to fall in love with these Korean stories. “



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