Latest news of south-korea

The government-backed plan focuses on boosting production capacity, fostering talent development, and enhancing Korea’s competitive edge in the global animation market. Strategic support for streaming content, co-productions, and technological innovation will drive long-term industry growth.

Netflix’s love affair with South Korean content is set to continue In the second half of 2024, South Korean content was streamed for 7.7bn hours, around 8% of all viewing on Netflix. This outpaces content from major markets, including the UK, Japan, and Spain.

Webtoons, a popular source material for TV adaptation in South Korea, have seen commissions fall significantly over the past 12 months, as South Korea’s TV industry shifts towards a more internationally-friendly outlook, according to Ampere Analysis.

In the face of Netflix’s increasing dominance in South Korea’s subscription OTT market, the local regulator has now approved the merger of the two Korean OTT services, TVing and Seezn.

This super production has already received several recognitions from the industry such as 7 India Catalina Awards, the Best Series prize at the Dorada Film Festival and 3 Produ Awards, including Best Series.