Why 2023 could be an inflection point for South Korea’s content industry



Analysis Why 2023 could be an inflection point for South Korea’s content industry Rise of streaming services has produced flood of new shows and displaced film industry, but output may be unsustainable Jason BechervaiseFebruary 7, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON The logos of Netflix, Tving, Watcha, Apple TV, Naver and Disney Plus \| Image: Netflix, Tving, Watcha, Apple TV, Naver and Disney Plus, edited by Korea Pro Korean television and film content has exploded in recent years, and as the country emerges from the COVID-19 pandemic, 2023 is shaping up to be a complex year for Korean media as the industry undergoes major changes. The decade started off with a bang when Bong Joon-ho’s “Parasite” won Best Picture at the Academy Awards in 2020, and “Squid Game” became a global phenomenon in 2021, clocking up 1.65 billion hours of viewing in 28 days after its release on Netflix. In 2022, diverse South Korean content resonated with audiences overseas, such as “All of © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Samsung, SK Hynix rejection exposes South Korea’s chip-grid financing problem 02Trump’s Cheongung social media post tests Seoul’s refusal to arm to Ukraine 03Lee Jae Myung risks public trust as South Korea rewires its justice system 04South Korea turns to Central Asia as Iran war tests its energy resilience 05Houthi seizure of Mokha sharpens South Korea’s Hormuz deployment dilemma 06Japan’s stronger yen may cut Korea’s import bill while raising funding costs 07South Korea leans on Europe as Hormuz deployment choices grow narrower 08Hanwha’s Austal bid shows where South Korea’s MASGA plan may be heading

Analysis

Why 2023 could be an inflection point for South Korea’s content industry

Rise of streaming services has produced flood of new shows and displaced film industry, but output may be unsustainable

Jason BechervaiseFebruary 7, 2023

Why 2023 could be an inflection point for South Korea’s content industry

The logos of Netflix, Tving, Watcha, Apple TV, Naver and Disney Plus | Image: Netflix, Tving, Watcha, Apple TV, Naver and Disney Plus, edited by Korea Pro

Korean television and film content has exploded in recent years, and as the country emerges from the COVID-19 pandemic, 2023 is shaping up to be a complex year for Korean media as the industry undergoes major changes.

The decade started off with a bang when Bong Joon-ho’s “Parasite” won Best Picture at the Academy Awards in 2020, and “Squid Game” became a global phenomenon in 2021, clocking up 1.65 billion hours of viewing in 28 days after its release on Netflix. In 2022, diverse South Korean content resonated with audiences overseas, such as “All of

LATEST ANALYSIS

01Samsung, SK Hynix rejection exposes South Korea’s chip-grid financing problem
02Trump’s Cheongung social media post tests Seoul’s refusal to arm to Ukraine
03Lee Jae Myung risks public trust as South Korea rewires its justice system
04South Korea turns to Central Asia as Iran war tests its energy resilience
05Houthi seizure of Mokha sharpens South Korea’s Hormuz deployment dilemma
06Japan’s stronger yen may cut Korea’s import bill while raising funding costs
07South Korea leans on Europe as Hormuz deployment choices grow narrower
08Hanwha’s Austal bid shows where South Korea’s MASGA plan may be heading

Why 2023 could be an inflection point for South Korea’s content industry

LATEST ANALYSIS

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Jason Bechervaise