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Top Netflix Hit ‘Squid Game’ Sparks Korean Media Stock Surge

  • Bucket Studio climbed 70% in 3 days; Showbox up 50% last week
  • Korea firms ‘serious competitive threat’ to Hollywood: analyst
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Netflix Strikes Gold With 'Squid Game'
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The latest smash hit from the Korean entertainment world “Squid Game” is also proving popular with investors, who have been snapping up shares of at least two companies related to the thriller series.

A dramatized survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc., and is the first Korean drama to claim the No. 1 spot in the U.S. on the service, according to data from streaming ratings firm FlixPatrol.