Netflix has announced its latest ventures in Korea. It revealed two new production houses in Paju-si and Yeoncheon-gun, outside of Seoul, in Gyeonggi Province, Korea.
This news comes after audiences’ growing interest in Korean web series and films. Netflix stated:
“From 2015 to 2020, our investment in Korean content reached USD 700 million, with more than 80 shows made in Korea and watched by audiences around the world.”
Netflix VP Studio Operations Amy Reinhard said in a statement:
“With these new studios, Netflix is better positioned than ever to increase our production of great stories from Korea while also providing a wealth of production-related jobs for talented professionals in Korea’s creative community.”
According to Netflix, they will be leasing six stages and supporting spaces of approximately 9,000 square meters at At YCDSMC – Studio 139 and three stages of approximately 7,000 square meters at Samsung Studio.
Trends have shown a sudden upsurge in the audiences of Korean Drama from U.S., Canada, France, Germany, Qatar, UAE, Hong Kong, Thailand, India, Malaysia, Philippines, Singapore, Taiwan, Japan and beyond.
Presently, Netflix is in a multi-year partnership with CJ ENM/Studio Dragon and JTBC in an effort to introduce best, creative and diverse selections for entertainment to their 195 million subscribers.