Netflix invests US$500M on Korean content in 2021

Bringing together talent and filmmakers from across Korea, Netflix hosted “See What’s Next: Korea” to spotlight their upcoming slate of films, series, and stand-up comedy special.  

Netflix VP of Content Kim Min Young announced that as of the end of 2020, Netflix had 3.8 million paid memberships in Korea

Netflix VP of Content Kim Min Young and screenshots of the blockbuster horror series “Sweet Home”, which was watched by over 22 million households worldwide.

Seeing the Hallyu wave reaching millions of viewers and 190 countries, Netflix decided to invest more in the Korean creative community—nearly 500 million USD on Korean films and series in 2021.

“Great Korean stories are nothing new, in fact storytelling is deeply rooted in Korean culture,” shared Kim.

In an exclusive panel discussion with Kingdom writer, Kim Eun Hee, and Extracurricular writer, Jin Han Sae, both writers expressed how grateful they were to the OTT platform for showcasing their work. Netflix VP of Content shared, “We wanted to tell stories that had never been told before. One of my team’s favorite questions to ask any creator is, ‘What’s the story you’ve always wanted to tell, but have never been able to?’ This question eventually led to the discovery of the titular series, the out-of-this-world Space Sweepers, and many more.

First Self-Produced Korean Films 

Netflix confirmed production of Carter and Moral Sense (Working Title), the first
self-produced Korean films.

Carter is a chase thriller about an agent suffering from memory loss and
thrown into the middle of a mysterious mission. Carter is helmed by director Jung Byung-gil, whose skilled hand has produced many unique action films. Director Jung got the spotlight with his feature debut Action Boys, which earned him a seat at the 27th Vancouver International Film Festival as well as other prominent events. Since then, his 2012 film Confession of Murder earned him the Best New Director award at the 50th Grand Bell Awards and the Thriller Award at the 31st Brussels International Fantastic Film Festival. His 2017 film The Villainess was selected for Midnight Screenings at the 70th Cannes International Film Festival, raising his profile among international filmmakers.

Carter, his collaboration with Netflix, is expected to present a cathartic experience for viewers with high-quality, difficult to execute, nonstop action scenes.

Moral Sense (Working Title) depicts a different kind of romance between a man with
unusual tastes in sex and a woman who inadvertently learns about them. It is based on the
hit webtoon by the same name, which has the main character under the humorous and
suspenseful premise of hiding his unusual sexual proclivities from his colleagues.

Veteran romance director Park Hyun-jin will lead the production with her keen insight and experience in the genre. Her films include Like for Likes, which weaves romance into the trend of sharing one’s daily life on social media, and Lovers of Six Years, a realistic portrayal of a longtime couple.


She is expected to unleash her full command of genre-specific knowledge in an unfolding thrilling romantic development between a man with a secret he doesn’t want
to reveal to anyone and a woman who discovers it.

No details yet on the cast and exact release date for these films. The two films will be released exclusively on Netflix.

Cheska De Ocampo
Cheska considers herself a 24/7 writer as she writes professionally and voluntarily. Having the opportunity to join KStreetManila, she combines two of her loves – writing and Korean culture. Her Spotify playlist consists majority of GOT7, but she is willing to listen to other genres and artists.

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