Netflix to Invest 3.3 Trillion Won in K-Content Over 4 Years, Korean President Announces

The Office of the President announced that President Yoon Seok-yeol met with Netflix executives on the first official schedule of his state visit to the United States and was promised to attract investments worth trillions of won over four years.

Early this morning, after meeting with Netflix CEO Ted Sarandos at the US government’s guesthouse, “Blair House,” President Yoon said, “Netflix announced that it will invest 2.5 billion dollars, or about 3.3 trillion won, in K-content over the next four years.” .

He added, “It will be a great opportunity for both the Korean content business, creators, and Netflix.” He added, “We sincerely welcome Netflix’s unconventional investment decision.”

CEO Sarandos also said, “I will help create Korean dramas, movies, and reality shows for the next four years.”