In 2021, Netflix Korea planned to invest around 550 billion South Korean won in the creation of new Korean video content. Over the last years, Netflix's investment in Korean content has continuously grown. Korean content can be created at comparitively low costs but still be successful, as seen with the hit series Squid Game. Accordingly, domestic OTT (over the top) video service competitors also strived to ramp up their investments in Korean content.
Major OTT (over the top) video services' plans to invest in content creation in South Korea in 2021
(by billion South Korean won)
Characteristic
Planned investments in billion South Korean won
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Maeil Business Newspaper. (October 14, 2021). Major OTT (over the top) video services' plans to invest in content creation in South Korea in 2021 (by billion South Korean won) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1269965/south-korea-ott-services-content-investment-plans/
Maeil Business Newspaper. "Major OTT (over the top) video services' plans to invest in content creation in South Korea in 2021 (by billion South Korean won)." Chart. October 14, 2021. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1269965/south-korea-ott-services-content-investment-plans/
Maeil Business Newspaper. (2021). Major OTT (over the top) video services' plans to invest in content creation in South Korea in 2021 (by billion South Korean won). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1269965/south-korea-ott-services-content-investment-plans/
Maeil Business Newspaper. "Major Ott (over The Top) Video Services' Plans to Invest in Content Creation in South Korea in 2021 (by Billion South Korean Won)." Statista, Statista Inc., 14 Oct 2021, https://www.statista.com/statistics/1269965/south-korea-ott-services-content-investment-plans/
Maeil Business Newspaper, Major OTT (over the top) video services' plans to invest in content creation in South Korea in 2021 (by billion South Korean won) Statista, https://www.statista.com/statistics/1269965/south-korea-ott-services-content-investment-plans/ (last visited August 25, 2024)
Major OTT (over the top) video services' plans to invest in content creation in South Korea in 2021 (by billion South Korean won) [Graph], Maeil Business Newspaper, October 14, 2021. [Online]. Available: https://www.statista.com/statistics/1269965/south-korea-ott-services-content-investment-plans/