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Netflix Marks 10 Years in Korea: 80% of Global Members Have Watched Korean Content

Netflix Marks 10 Years in Korea: 80% of Global Members Have Watched Korean Content

Partnerships with 80 Korean production companies and 95,000 jobs have helped expand Korea’s creative ecosystem
Global streaming company Netflix, co-CEO Ted Sarandos, is marking 10 years in the Korean market, having made a significant impact across the country’s content industry. Since arriving in 2016, Korea has become one of Netflix’s most important global content production hubs.
| James choi
HYBE’s Price Target Cut 18.2% to 270,000 Won… A Buying Opportunity After BTS Hiatus

HYBE’s Price Target Cut 18.2% to 270,000 Won… A Buying Opportunity After BTS Hiatus

Korea Investment & Securities estimates third-quarter operating profit at 169.7 billion won and lowers valuation multiple to 25 times
Portfolio diversification stands out amid generational transition challenges in the entertainment industry On the 22nd, Korea Investment & Securities cut its price target for 'HYBE' by 18.2%, from 330,000 won to 270,000 won, reflecting market concerns about a hiatus in 'BTS' activities after the...
| James choi
HYBE’s Santos Bravos mark first anniversary… The group that captivated Billboard is set to perform at the 2026 Billboard Latin Music Awards

HYBE’s Santos Bravos mark first anniversary… The group that captivated Billboard is set to perform at the 2026 Billboard Latin Music Awards

New release confirmed for next month on the 20th; group previews performance at the 2026 Billboard Latin Music Awards
Global newcomers take over North and South American music markets just one year after debut HYBE's Latin pop project group SANTOS BRAVOS will make a surprise comeback on the 20th of next month to celebrate its first debut anniversary.
| James choi
Netflix’s 1,000-Job Layoff Wave… Film Chief Resigns Ahead of October 20 Earnings, Top Executives Exit in Droves

Netflix’s 1,000-Job Layoff Wave… Film Chief Resigns Ahead of October 20 Earnings, Top Executives Exit in Droves

U.S. TV share falls 7.8% and $300 million blockbuster flops as key executives, including film chief Dan Lin, depart one after another
Content leadership vacuum and a string of big-budget film failures As global streaming giant 'Netflix' faces a severe slowdown in growth and the risk of losing viewers, a wave of departures among key executives is accelerating.
| James choi
BTS Surpasses 10 Billion Streams on Spotify, a First for a Group Worldwide

BTS Surpasses 10 Billion Streams on Spotify, a First for a Group Worldwide

Fifth studio album ARIRANG drove 5 billion streams; group to attend awards ceremony at Tokyo Dome on the 29th
The ARIRANG phenomenon reshapes the global pop market The group BTS has achieved a landmark first for a group worldwide, surpassing 10 billion streams in a year on Spotify, the world’s largest music streaming platform.
| James choi
Oriental Land to launch Disney Imagination, Japan’s first Disney cruise to set sail in 2029 on 140,000-ton ship, second in Asia after Singapore

Oriental Land to launch Disney Imagination, Japan’s first Disney cruise to set sail in 2029 on 140,000-ton ship, second in Asia after Singapore

Targeting short two- to four-night itineraries priced in the 100,000-yen range per person, with a goal of 400,000 passengers annually
Oriental Land, which operates Tokyo Disneyland, will launch Asia’s second Disney-themed cruise ship in 2029. The move is seen as a strategic effort to overcome the limits of its saturated land-based theme park business and expand the Disney experience at sea.
| James choi
Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Layoffs affect 6% of workforce, the biggest reduction since 2022, as company moves to protect profitability
Falling viewing time and intensifying competition make breakthrough urgent Netflix, the world’s largest video streaming company, will cut about 6% of its workforce as it responds to slowing growth and subscriber departures.
| James choi
Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Domestic operating profit reaches just 20.3 billion won, highlighting uneven revenue-sharing structure behind K-content's success
Global online video streaming giant 'Netflix' generated more than 1 trillion won in revenue in South Korea last year for the first time since entering the market. But 81% of that massive revenue was remitted to its U. S. headquarters, leaving the Korean entity with operating profit of just 20.
| James choi
Netflix draws 400 emerging creators to BIFF for largest-ever Creative Asia

Netflix draws 400 emerging creators to BIFF for largest-ever Creative Asia

Third-year event features directors Han Jun-hee and Kang Yoon-sung and introduces its first hands-on AI workshop
400 creators poised to lead the future of K-content learn hands-on production skills Netflix held Creative Asia at the Busan International Film Festival on the 10th, bringing together emerging creators from across Asia for global exchange and professional growth in the event's largest edition yet.
| James choi
CJ ENM's MnetPlus Surpasses 50 Million Subscribers, Overseas Users Top 80%

CJ ENM's MnetPlus Surpasses 50 Million Subscribers, Overseas Users Top 80%

Available in more than 250 regions worldwide, the platform is accelerating its appeal among Generation Z globally by expanding K-pop livestreams and original content.
The rise of a hyperconnected K-pop hub wins overwhelming support from Generation Z worldwide MnetPlus, the global K-pop content platform operated by CJ ENM, has surpassed '50 million subscribers', cementing its unrivaled position in the global entertainment market.
| James choi