Netflix will spend nearly $ 500 million on Korean content by 2021

20:15 PST 24/2/2021

by

Patrick Brzeski

The streamer shared his plans during an event in Seoul, where he first unveiled the images of his current lead and unveiled some original film projects, the BDSM drama ‘Moral Sense’ and the action thriller ‘Carter’ .

Netflix reaffirmed its commitment to the global attractive entertainment industry on Thursday, unveiling plans to spend nearly $ 500 million on films and television series produced in the country by 2021.

The plans were unveiled during Netflix’s flashy “See What’s Next Korea” event in Seoul, where Korean directors and stars met with creative executives from Netflix to promote current and emerging original local languages. Amid the spate of promotional activities, Netflix also revealed that it currently has more than 3.8 million subscribers in South Korea.

The global popularity of Korean television and filmmaking is even more valuable to Netflix than the relatively modest monetary contribution of South Korean subscribers. To date, Netflix has produced more than 80 original Korean shows and movies, building on the early success of its first original from the country, Kim Eun-Hee’s temporary zombie thriller. Kingdom. “Audiences around the world are falling in love with Korean stories, artists and culture,” said Minyoung Kim, Netflix’s head of content for Korea, Southeast Asia, Australia and New Zealand.

She added: “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. 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 a top winner of the Oscars, BlackPink plays Coachella, and more than 22 million households are engaged in a horror TV series, Sweet Home. “

More than a dozen Korean actors and directors have joined Netflix to promote previously announced Korean originals that will appear on the service this year. Among them were the stars Bae Doo-na and Lee Joon of The Pacific Ocean, a science series about a team sent to an abandoned research facility on the moon; A-list Korean director Yeon Sang-ho (Train to Busan) and the cast of his supernatural thriller series Hell bound, including Yoo Ah-in, Park Jung-min, Kim Hyun-joo, Won Jin-ah and Yang Ik-juni; and the cast of Inktvis Game, a thriller about the participants in secret survival games with a prize of $ 40 million.

Netflix also unveiled two previously unannounced original Korean films at the event, both with a noble premise: BDSM drama Morele sin a stock groove Carter.

Directed by Park Hyun-jin (As for Likes), Morele sin follows an apparent cleaning office worker who keeps his BDSM taste to himself, until his female co-worker accidentally opens his job and finds a leash. Once his secret is revealed, the two develop into a male-sub and female-dominant relationship.

Carter is described as a “one-scene, one-act action film.” Directed by Jung Byung-gil, a man follows 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.

“We work with top talent and filmmakers as well as exciting emerging voices from across Korea to make the best in class stories in every genre,” Kim said, adding: “This year we have Korean dramas like The Pacific Ocean, Inktvis Game, en Kingdom: Ashin of the North, fat movies like Carter and Morele sin, new reality series such as Baik’s Spirit, documentaries such as My love, and our first Korean sitcom, So it’s not worth it. We can not wait for our members around the world to fall in love with these Korean stories. ‘

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