Netflix to spend $500 million more to line up original shows, movies in South Korea

(Reuters) - Netflix Inc said on Thursday it plans to invest $500 million on original movies and TV shows in South Korea this year, as the streaming giant expands in one of the fastest growing markets in Asia.

The company has built a pipeline of Korean original content including sci-fi thriller "The Silent Sea", reality series Baik's Spirit and sitcom "So Not Worth It", Netflix said in a blog post. (https://bit.ly/3snrjpF)

Netflix, which had 3.8 million paid subscribers in the country at the end of 2020, has already invested nearly $700 million, feeding off the global popularity of the pop culture machine of South Korea.