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N.K. Propaganda Outlet Calls ‘Squid Game’ Embodiment of S. Korean Society

N.K. Propaganda Outlet Calls ‘Squid Game’ Embodiment of S. Korean Society

SEOUL, Oct. 13 (Korea Bizwire) — North Korea has claimed that Netflix’s original series “Squid Game” exposes the uncomfortable truth behind the South Korean society and the capitalist regime, without mentioning the series’ worldwide fame. Meari, a North Korean propaganda website, claimed Tuesday that the series’ popularity is based on “the extreme competition for survival [...]

‘Squid Game’ Becomes ‘Biggest-ever’ Netflix Series

‘Squid Game’ Becomes ‘Biggest-ever’ Netflix Series

SEOUL, Oct. 13 (Korea Bizwire) — The smash-hit Korean-language drama series “Squid Game” has become Netflix’s most successful original content, the U.S. streaming giant said Wednesday. Netflix said the dystopian series had been viewed by more than 111 million accounts in the first 28 days since it debuted on Sept. 17. The previous record holder [...]

Netflix Accused of Evading Taxes by Sending Profits to Overseas HQ

Netflix Accused of Evading Taxes by Sending Profits to Overseas HQ

SEOUL, Oct. 6 (Korea Bizwire) — Netflix Services Korea Ltd., the local unit of global video streaming giant Netflix Inc., has been accused of evading taxation in South Korea by turning over most of the revenues generated in the country to overseas headquarters as ‘commission.’ Independent lawmaker Yang Jung-suk claimed that Netflix Services Korea has [...]

SK Broadband Files Counterclaim Against Netflix in Network Fee Case

SK Broadband Files Counterclaim Against Netflix in Network Fee Case

SEOUL, Sept. 30 (Korea Bizwire) — SK Broadband Co., a major South Korean internet service provider (ISP), said Thursday it has filed a lawsuit against Netflix to demand network usage fees after a local court ruled against the video streaming giant on the dispute earlier this year. In June, the Seoul Central District Court dismissed [...]

Netflix Says its Investment Has Created Economic Effect Worth 5.6 tln Won in S. Korea

Netflix Says its Investment Has Created Economic Effect Worth 5.6 tln Won in S. Korea

SEOUL, Sept. 29 (Korea Bizwire) — U.S. streaming giant Netflix said Wednesday that its Korean investment over the past five years has led to an economic effect worth 5.6 trillion won (US$4.7 billion) in South Korea’s entertainment-related industry. In an online event titled “Netflix Partner Day,” the company said it has injected 770 billion won [...]

Simplicity, Satire in ‘Squid Game’ Appeal to Global Viewers: Director

Simplicity, Satire in ‘Squid Game’ Appeal to Global Viewers: Director

SEOUL, Sept. 29 (Korea Bizwire) — Hwang Dong-hyuk, the writer-director of the hit Netflix series “Squid Game,” has said the show’s global popularity is something he never expected. “It’s just a surprise. It’s incredible that all this craze happened within a week,” Hwang said in a media interview held online Tuesday. “As a creator, I’m [...]

Netflix’s Co-CEO Says ‘Squid Game’ May Become its Most Popular Show Ever

Netflix’s Co-CEO Says ‘Squid Game’ May Become its Most Popular Show Ever

SEOUL, Sept. 28 (Korea Bizwire) — “Squid Game,” Netflix’s new Korean survival drama, may become the global streaming entertainment giant’s most successful original content ever, its chief has said. “Squid Game will definitely be our biggest non-English language show in the world, for sure,” Ted Sarandos, co-CEO of Netflix, said Monday (U.S. time) during Code [...]