Netflix Announces $2.5b Investment In South Korean Productions

According to Reuters, Netflix Inc promised on Tuesday to invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies and unscripted shows.

Various South Korean fare has been doing well on streaming services over the last few years, with The Squid Game becoming a huge hit for Netflix.

Netflix made the announcement after a meeting between co-CEO Ted Sarandos and South Korean President Yoon Suk Yeol.