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4 clusters · 18 sources · 15 days · First seen 16 days ago · Last updated 2 days ago

Netflix decade of production in South Korea

Overview

Netflix marked its 10th anniversary in South Korea through various celebrations and industry reports. During the 31st Busan International Film Festival, the company hosted the 3rd ‘Creative Asia’ program, providing masterclasses for over 400 emerging filmmakers. Since 2016, Netflix has collaborated with over 80 domestic production companies to create more than 200 Korean titles, with over 200 Korean works reaching the global Top 10 list since 2021. Asia-Pacific content now accounts for over 50% of the platform’s global non-English Top 10 list.

To celebrate this milestone, Netflix hosted ‘Netflix Janchi’ (Netflix Feast), a two-day fan festival at the Culture Depot in Mapo-gu, Seoul. The event drew approximately 10,000 attendees and 3.58 million online viewers. Co-CEO Ted Sarandos attended the celebration, reaffirming the company’s commitment to the Korean entertainment industry and noting that approximately 80 percent of global members have watched Korean programming.

The festival featured high-profile stars, including the cast of ‘Squid Game’ (Lee Jung-jae, Lee Byung-hun, and Park Hae-soo) and stars from upcoming projects such as Song Hye Kyo and Gong Yoo. Previews were provided for titles including ‘Tantara’, ‘Possible Love’, ‘Grand Galaxy Hotel’, ‘Beauty in the Beast’, ‘All of Us Are Dead’ season 2, and a live-action ‘Solo Leveling’.

Economically, Netflix Korea reported its first year of annual revenue exceeding 1 trillion won, reaching 1.054 trillion won last year. While the platform has expanded the local creative ecosystem, discussions persist regarding the extent to which this growth is reinvested into the domestic production industry.

Entities

Netflix · Lee Chang-dong · Gong Yoo · Song Hye-kyo · Ted Sarandos

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Netflix celebrated its 10th anniversary in South Korea with the ‘Netflix Janchi’ festival. www.whats-on-netflix.com · variety.com
[● 2 SOURCES] The event took place at the Sangam Oil Tank Culture Park in Seoul. www.whats-on-netflix.com · variety.com
[● 2 SOURCES] Ted Sarandos is a co-CEO of Netflix. www.whats-on-netflix.com · variety.com
[○ 1 SOURCE] Netflix launched in South Korea on January 6, 2016. variety.com
[○ 1 SOURCE] The film ‘Possible Love’ is scheduled to be released on November 6. variety.com
[○ 1 SOURCE] The project ‘Tantara’ is scheduled for release on December 11. variety.com
[○ 1 SOURCE] The festival was held on October 24 and 25. variety.com
[○ 1 SOURCE] Netflix has had over 200 Korean titles in its Global Top 10 since June 2021. variety.com

Timeline

2 days ago

[BUSINESS] 9 sources
Netflix celebrates 10 years in South Korea with fan festival
Netflix celebrated 10 years in South Korea with a massive fan festival in Seoul, highlighting the global success of K-content and previewing upcoming major titles like ‘Tantara’ and ‘All of Us Are Dead’ Season
4 days ago

[BUSINESS] 4 sources
Kumho Tire joins Netflix Korea 10th anniversary event
Kumho Tire is participating as an official partner in Netflix Korea's 10th anniversary fan event, providing safety guides and character-based activities to engage consumers.
4 days ago

[BUSINESS] 6 sources
Netflix celebrates 10 years in South Korea with fan festival
Netflix celebrated 10 years in South Korea with the ‘Netflix Janchi’ festival in Seoul, previewing upcoming hits and highlighting its collaboration with over 80 local production companies.
16 days ago

[BUSINESS] 2 sources
Netflix celebrates 10 years in South Korea at Busan Film Festival
Netflix marked its 10th anniversary in South Korea at the Busan International Film Festival, hosting the largest “Creative Asia” program to support emerging filmmakers and celebrate K-content growth.

Sources

afamily.vn · biz.heraldcorp.com · cafef.vn · cinemacafe.net · indianbroadcastingworld.com · isplus.com · jnilbo.com · kenh14.vn · koreastardaily.com · noteverticali.it · pmi-cd.com · soha.vn · sportschosun.com · variety.com · venturesquare.net · whats-on-netflix.com · womennews.co.kr · zdnet.co.kr

This summary has been updated 5 times: see revision history