Netflix will spend $ 500 million in Korea this year, as it is 4 million local awards – deadline

Netflix says spending in Korea will reach $ 500 million in 2021 as the streamer doubles local production after hits, including #Life.

Minyoung Kim, VP of Content for Korea, Southeast Asia, Australia and New Zealand, during a meeting today revealed the leading leadership that the service passed 3.8 million paid memberships in Korea at the end of 2020 . million subs worldwide.

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

Morele sin, from Park Hyun-jin, who previously helped the 2016 rom-com As for hold. His new film follows a seemingly clean office worker who keeps his BDSM taste to himself, until his female co-worker accidentally opens his job and finds a leash.

Carter is led by Jung Byung-gil (The villain). The one-scene-and-one-action photo 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 voice’s orders, Carter goes on an exciting mission to rescue a kidnapped girl.

As part of today’s event, the streamer also presented first projects, including Train to Busan filmmaker Yeon Sang-ho’s upcoming series Hell bound [see below], which is about a smart, confident lawyer who acts against the New Truth Church and its extremist Arrowhead supporters.

“The K-Wave, or Hallyu as we call it here in Korea, is a great moment of national pride and we are proud to be a part of it,” Minyoung Kim said. ‘Great Korean stories are nothing new, but storytelling is deeply rooted in Korean culture. But today we live in a world where Parasite is an Oscar winner for Best Picture Winner, BlackPink plays Coachella, and more than 22 million households are engaged in a horror TV series, Sweet Home. Audiences around the world fall in love with Korean stories, artists and culture. ”