SQUID GAME: South Korea, a threat to Hollywood

Korean content, including the Korean drama “SQUID GAME“, is gaining popularity around the world.

Bloomberg, a business magazine, reported on September 27 that

“Korean content poses serious threat to Hollywood”.

Bloomberg explained, “Companies linked to the latest Korean hit, SQUID GAME, are gaining popularity with investors. “

On this basis, Bloomberg analyzed that the stock price of Bucket Studio, which owns a stake in lead actor LEE JUNG JAE‘s agency of “SQUID GAME,” has climbed 90% over the past three years. days, on the stock market. In addition, the Showbox distributor, known for having invested in the production of “SQUID GAME“, also saw its share price soar by more than 50%.

Bloomberg also quoted Douglas Kim, a Korean content industry expert, as saying, “Bucket Studio is driving up stock prices even though it is an indirect beneficiary of ‘SQUID GAME‘.“

Bloomberg said, “The competitiveness of Korean content will increase day by day, and the share price of the Korean entertainment industry will increase further over the next two or three years,” adding, “As seen in “SQUID GAME,” Korea’s content production capacity is comparable to Hollywood, which dominates the global entertainment market.“

Meanwhile, the Netflix original series “SQUID GAME” (written and directed by Hwang Dong Hyuk / produced by Siren Pictures) was released on September 17th. It tells the story of people who entered a mysterious survival game with 45.6 billion won to be won, risking their lives to become the sole winner.

If you haven’t seen it yet, don’t wait any longer.

Journalist: Shawn
Translator: Shawn
Source: Bloomberg