Netflix’s revenue in Korea increased 10,000 percent in March
Koreans paid a total of 36.2 billion won ($29.6 million) to Netflix for their March subscriptions, a 10,547 percent hike from the 340 million won in March 2019.
There are 2.72 million Netflix subscribers in Korea, according to WiseApp. People in their 20s make up 39 percent of subscribers, people their 30s make up 25 percent, people in their 40s make up 18 percent and people in their 50s another 18 percent.
Video streaming apps like Netflix have experienced subscription booms during the global coronavirus outbreak. Netflix recently announced it added nearly 16 million new subscribers in the first quarter of the year.
BY ESTHER CHUNG [email@example.com]