Han Joon-ho, a member of the National Assembly's Science and Technology Information Broadcasting and Communications Committee, analyzed the inspection report of Netflix's Korean subsidiary Netflix Services Korea and released the results on October 14. Results show that Netflix's sales in Korea last year were 1.0542 trillion won, surpassing 1 trillion won for the first time. However, 853.9 billion won was paid to the US headquarters in the name of subscription membership fees, etc., accounting for 81% of total sales. The Korean corporation's operating profit was 20.3 billion won, and the operating profit margin was only 1.9%.

Zhitongcaijing · 4d ago
Han Joon-ho, a member of the National Assembly's Science and Technology Information Broadcasting and Communications Committee, analyzed the inspection report of Netflix's Korean subsidiary Netflix Services Korea and released the results on October 14. Results show that Netflix's sales in Korea last year were 1.0542 trillion won, surpassing 1 trillion won for the first time. However, 853.9 billion won was paid to the US headquarters in the name of subscription membership fees, etc., accounting for 81% of total sales. The Korean corporation's operating profit was 20.3 billion won, and the operating profit margin was only 1.9%.