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France 24

Business

Charles PELLEGRIN

Netflix doubles down on South Korean content with $2.5 billion investment

Netflix First Republic Bank United States Washington D.C.

BUSINESS DAILY © FRANCE 24

The US streaming platform Netflix says it's doubling the amount of money invested to create new Korean films and TV shows over the next four years, hoping to capitalise on the success of series like "Squid Game". The announcement came after Netflix's CEO met with South Korean President Yoon Suk-yeol in Washington. But first, First Republic Bank reveals it saw more than $100 billion in withdrawals this year amid turmoil in the banking sector.

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