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Netflix Unveils Mega $500 Million 2021 Plan For Original Korean Content!

By Binged Bureau - Feb 25, 2021 @ 12:02 pm

In recent years, Korean dramas and movies have caught the imagination of audiences across the world. The popularity of Korean content has skyrocketed among millennials, with millions of young adults tuning in to watch K-dramas, as they are called. Not only youngsters, Korean creations are enjoyed even by older audiences. And where there’s hit content, Netflix is bound to follow.

Last evening, streaming giant Netflix unveiled a mega plan to invest $500 Million in content created and executed in South Korea exclusively for streaming on its platform. Netflix unveiled first look images from its entire upcoming Korean content slate – both current, and under development. The eye-popping figure of $500 Million is only what Netflix plans to spend in 2021 for its Korean originals.

Netflix’s Korean originals have proved to be glittering hits for the streamer, a trend that started off with its first Korean original Kingdom. The series is extremely popular globally, and fans are waiting for Season 3 of the show to stream. Kingdom is one out of the 80+ original shows and films that Netflix has commissioned in South Korea.

Kingdom S3 was one among the upcoming slate whose first looks Netflix shared at the star-studded event held in Seoul. The others were Bae Doo-na and Lee Joon starrer The Silent Sea, a sci-fi series about a team sent to an abandoned research facility on the moon; an upcoming series Hellbound, by Train To Busan director Yeon Sang-ho; Squid Game, a thriller about a secret survival game with a $40 million prize; BDSM drama film Moral Sense, about an office worker with a secret BDSM fetish, who is discovered by his female co-worker, who compels him to get into a male-sub – female-dominant relationship with her; action thriller Carter, directed by Jung Byung-gil, about a man who wakes up in a motel room with no recollection of who he is, except for a voice in his ear that calls him “Carter.” Following the voice’s orders, Carter goes on an exhilarating mission to save a kidnapped girl; Netflix’s first Korean sitcom, So Not Worth It; reality series Baik’s Spirit; documentary My Love, among others.

The ‘See What’s Next Korea’ Netflix event was attended by more than a dozen Korean actors and directors. Netflix also revealed at the event that it currently has over 3.8 million subscribes in South Korea.

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