Updated Mar 17, 2026 by Korea Creative Content Agency
Netflix’s streaming revenue in South Korea grew more than five-fold between 2019 and 2024, rising from approximately 175.6 billion won to 898.3 billion won.
The company’s revenue model in South Korea is highly concentrated, with over 99% of income generated directly from user subscriptions.
Annual investment in Korean content saw a massive escalation, climbing from 15 billion won in 2016 to a peak of 550 billion won in 2021.
Netflix’s most rapid revenue growth occurred between 2020 and 2022, followed by a transition to a period of steadier, moderate expansion through 2024.
In 2020 alone, Netflix invested approximately 333 billion won into local productions to drive subscriber acquisition and retention.
Netflix’s streaming revenue in South Korea grew more than five-fold between 2019 and 2024, rising from approximately 175.6 billion won to 898.3 billion won.
The company’s revenue model in South Korea is highly concentrated, with over 99% of income generated directly from user subscriptions.
Annual investment in Korean content saw a massive escalation, climbing from 15 billion won in 2016 to a peak of 550 billion won in 2021.
Netflix’s most rapid revenue growth occurred between 2020 and 2022, followed by a transition to a period of steadier, moderate expansion through 2024.
In 2020 alone, Netflix invested approximately 333 billion won into local productions to drive subscriber acquisition and retention.