Netflix ups production investment in Korea

Netflix Inc. is deepening its investment in Korean content, much to the delight of K-drama lovers everywhere.

In a Jan. 6 blog post, Netflix said that based on the popularity of the original Korean series and films on its platform, it is establishing two production facilities in Paju-si and Yeoncheon-gun, just outside of Seoul, in Gyeonggi Province, South Korea.

At YCDSMC - Studio 139, Netflix will lease six stages and supporting spaces of approximately 9,000 square meters. At Samsung Studio, the company will lease three stages of approximately 7,000 square meters.

"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," Netflix Vice President of Studio Operations Amy Reinhard said in the blog post.

Between 2015 and 2020, Netflix's investment in Korean content reached $700 million, with more than 80 shows made in the country.