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

Netflix generated over 1 trillion won ($730 million) in revenue in South Korea in 2025, but only 20.3 billion won in operating profit, according to an analysis of the company's financial statements. This significant portion of revenue, 81%, was sent to its U.S. parent company, leaving the Korean operation with slim margins compared to domestic streaming platforms like Tving, which reported a 69.8 billion won operating loss, and Wavve, which lost 12.2 billion won.

Despite this, Netflix maintained a dominant position in the paid streaming subscriptions market, with a usage rate of 46.7% compared to Tving's 13%.

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