Netflix Under Pressure in Korea as 'Squid Game' Success Stirs Lawmakers and Internet Firms - NewsBreak

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By Poppy in Business
Updated 2 years ago

American streaming firm Netflix faced up to a multi-faceted wave of pressure in South Korea, a country where it has achieved market dominance and which is a vital production hub, this week. The global success of Korean-made Netflix original series "Squid Game" has drawn new attention to the firm's payments to creators. And it has pushed other thorny issues, notably taxation of earnings and network access fees, higher up the agenda. The company has been locked in months of dispute with leading Korean internet service provider SK Broadband, which argues that Netflix needs to make financial compensation for the huge volumes of...

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