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Netflix is to invest $2.5bn in South Korea film industry

Netflix is to invest $2.5bn in South Korea over the next four years, marking a doubling in its investment since 2016.

Netflix plans to invest $2.5bn in South Korea over the next four years, marking a doubling in its investment since 2016. The announcement from the streaming giant came during a visit by South Korea's president, Yoon Suk Yeol, to the US, and followed talks with Netflix chief executive Ted Sarandos in Washington.

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(Photo: The Netflix series Squid Game is played on a mobile phone in this picture illustration taken 30 September, 2021. Credit: Kim Hong-Ji/Reuters)

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Tue 25 Apr 2023 14:32GMT

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  • Tue 25 Apr 2023 14:32GMT