Netflix Touts Korea Success Flagging $4.7 Billion GDP Boost
- Netflix report highlights $4.7 billion contribution to GDP
- Report comes as Korean-directed ‘Squid Game’ tops rankings
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Netflix Inc. celebrated its successful foray into South Korea by highlighting its contributions to the country’s economy increasingly fueled by entertainment businesses.
The streaming giant has had a series of hit shows by partnering with creative studios in South Korea since it began offering service in the country in 2016. The latest hit -- Squid Game -- has topped its global rankings this month, becoming the first Korean drama to claim the No. 1 spot in the U.S.