Netflix sends 81% of Korea revenue to US parent, report shows

Netflix generated over 1 trillion won in revenue in Korea last year, but the majority of it, 81 percent, was sent to its US parent company. This means that the Korean operation of Netflix had a relatively low operating profit of 20.3 billion won. The significant transfer of revenue to the US parent highlights the potential for tax avoidance and raises questions about the benefits of foreign investment in the Korean economy. This could have implications for future tax policies and regulations in Korea.

Why it matters

Netflix generated significant revenue in Korea last year, and most of it was sent to its US parent company. This could lead to increased profits and investments for Netflix in the US, which may boost its stock price and attract more investors.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Korea Times. For information only — not financial advice.