Netflix co-CEO visits S. Korea

Ted Sarandos, co-CEO of Netflix, has visited Korea for the first time in seven years. He said the advantage of Korean digital contents lie in storytelling, and that the company decided to make long-term investments because of its potential.

Sarandos stressed that the actual numbers related to Netflix viewership attest to the superb quality of Korean contents. Regarding the 3.3 trillion won investment in the next four years pledged during President Yoon's state visit to the U.S. back in April, Sarandos promised to invest in unearthing new talent in addition to content production.