Netflix Inc. said on Tuesday it will invest $2.5 billion in South Korea over the next four years to produce Korean TV series, movies, and unscripted shows, doubling its investment in the market since 2016.
The U.S. streaming service made the announcement after a meeting between South Korean President Yoon Suk Yeol and Netflix co-CEO Ted Sarandos. Yoon arrived in Washington on Monday for a six-day state visit.
