In comparison to Amazon Prime Video, Disney+ and Max, Netflix stands out globally, with its Korean titles being the most streamed worldwide in 2023 and 2024.
Netflix is doubling down on Korean unscripted shows. Earlier this year, the streaming platform announced it would release a new Korean unscripted show every month until the first quarter of 2025. With this expansive strategy, the streaming service will have more than doubled its offerings from 2022, growing to 10 shows by the end of the year. Now, BB Media has released new insights revealing Netflix’s global leadership in Korean content compared to competitors and how K-Dramas’ popularity in LATAM drives subscriptions.
In recent years, interest in Korean content, especially K-Dramas, has been growing, transcending South Korean borders and captivating audiences worldwide. Outside of APAC, LATAM has emerged as a significant market, with 17% of users showing a liking for this genre. Among the countries in the region, Ecuador (28%), Peru (27%), and Mexico (21%) appeared as the most interested in this type of content. The primary audience for K-Dramas predominantly consists of younger generations, a trend that remains consistent worldwide. In APAC, UCAN, and EMEA, this preference is evenly split between Gen Z and Millennials. However, in LATAM, Gen Z exhibits a slightly higher interest in this genre compared to Millennials.
With LATAM being the second region most inclined towards K-Dramas, it’s no surprise that when BB Media asked users about the origin of their favourite content, Korean productions ranked fifth overall. This preference was even stronger among Gen Z, who ranked Korean content as their third favorite. Within the main markets in the region, Gen Z in Colombia showed the highest preference, with 41% choosing Korean content as their favorite, closely followed by Gen Z in Mexico (39%) and Brazil (35%). But a key question arises: Do Korean shows drive subscriptions for Netflix in LATAM? Let’s dive into some insights.
Squid Game (2021) was one of Netflix’s most successful ventures into Korean audiovisual productions, quickly becoming a global phenomenon. For LATAM users, this Netflix original proved to be a powerful subscription driver, ranking among the top 10 shows cited as influencing their decision to subscribe. In Brazil, Netflix users specifically mentioned both “K-Dramas” as a genre and Love in the Moonlight (2016), a Period K-Drama, as content that motivated them to join the streaming service. Even among non-users, K-Dramas appear to be a significant draw, ranking 5th among the top 10 most mentioned drivers for potential subscriptions.
Globally, three South Korean subscription platforms lead in Korean content offerings: Wavve and Watcha, each with over 4,000 titles, and Tving, with over 3,500 titles. Excluding local platforms, Amazon Prime Video currently holds the top position among global subscription streaming platforms, though Netflix is close behind, falling short by just 305 titles. In LATAM, however, Netflix takes the lead clearly catering to the strong preference among the Latin American audience for both K-Dramas and Korean content in general. Furthermore, Netflix holds a distinct advantage globally in terms of original productions. While Netflix currently boasts 151 original titles produced in Korea in its catalogue, Amazon Prime Video only has two: The Handmaiden (2016) and Burning (2018). As of now, no other leading platform has announced plans to release or produce additional Korean content.
Further, in comparison to Amazon Prime Video, Disney+ and Max, Netflix stands out globally, with its Korean titles being the most streamed worldwide in 2023 and 2024. Of the top 10 most streamed Korean shows, nine are Netflix’s original productions. Interestingly, while five of the 10 most-streamed Korean productions are traditional K-Dramas, where Drama, Comedy, Romance, and Family are the primary genres, four of the remaining titles break away from this typical mould. The Glory(2022), Alchemy of Souls (2022), Squid Game (2021), and Sweet Home (2020)—all Netflix original productions—move beyond romance-centered storylines, exploring more mature and darker narratives through genres such as Horror, Suspense, and Mystery. This trend highlights the evolution of K-Dramas and suggests that the involvement of major streaming companies, which cater to a global audience, may be a driving force behind the recent transformations in Korean content production.
Nonetheless, not all of the most streamed Korean productions are K-Dramas. Notably, the 3rd most streamed title is Physical: 100 (2023), a Netflix original unscripted Reality TV show where 100 contestants in peak physical condition compete in a series of grueling challenges. Given the success of this unscripted original —and considering its significantly lower production costs compared to major scripted series like Squid Game — it’s reasonable that Netflix is looking to expand its unscripted slate. Currently, of the entire global offering of Korean content, 96% are scripted shows, while only 4% are unscripted, noting the significant imbalance between the two categories. However, with production costs of unscripted shows being far lower than scripted shows, there’s a growing trend of unscripted content making a comeback.
As the global appetite for K-Content continues to surge, Netflix’s commitment to expand its unscripted offerings signals a strategic move to diversify and meet the evolving tastes of its audience. By balancing its successful slate of K-Dramas with other innovative unscripted shows like Physical: 100, Netflix is not only capitalising on the current demand for K-Contents but also helping to shape South Korean productions to keep appealing to a global audience.
