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Cultural Content
Korea’s Cultural Content Industry
Showing Strong Sales and
Growing into a High Value-Added Industry
The Korean cultural content industry is showing strong sales and exports and has steadily grown into a high value-added industry.
Strong Brand Power of K-ContentThe Korean cultural content market size is approximately USD 79.1 billion (2023 forecast), ranking seventh in the world.
Global Cultural Content Production
System and Talented Workforce
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Dynamic Combination of
Innovative Technologies and
Creative Cultural Content and
Strong SupportBased on world-class ICT and internet networks, the Korean cultural content industry is rapidly adopting and integrating state-of-the-art media technologies and expanding its convergence industry landscape.
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Government Providing Full
Support with Content Industry
Policies and IncentivesThe Korean government announced four national agendas for promoting the cultural content industry in order to facilitate the transformation to a service economy to generate new growth engines and spread the appeal of K-content around the world. Also proposed are various detailed tasks to be implemented by related ministries such as strengthening support for companies and ventures and providing policy financing aimed at making K-content a game changer in the export landscape.
Yeji Hwang
Service Industry Promotion Team
+82-2-3460-3282
yejih12@kotra.or.kr
Investment Success Stories
Netflix invests in a state-of-the-art special effects studio in Korea
Netflix, a global OTT platform, is building an ecosystem of content creation and production by installing in-house studios in various parts of the world, including the US where it is headquartered, Spain, and the UK. Especially noteworth is that Netflix has chosen Korea to build its first Asian content production base. Eyeline Studios, a Netflix subsidiary that produces special effect videos, announced that it will establish a subsidiary in Seoul in 2022 and invest USD 100 million over the next five years (2023 to 2027). Eyeline Studios decided to invest in Korea by considering the potential of K-content in the global market and the excellence of Korean special effects video production specialists. The investment is expected to contribute to the development of the Korean film and drama production industry as it will help upgrade K-content through the introduction of advanced special effects technology as well as directly creating 200 jobs.
Tencent Increases Equity Investment in Korean Game Developers
With the steady growth of foreign investment in Korean game developers, Chinese IT giant Tencent continues to make new and increased investments in Korean online and mobile game companies. In July 2022, Tencent became the first Chinese game company to join the board of directors of the Korea Association of Game Industry (K-GAMES) and is expected to expand its influence in the Korean game market while continuing to invest in Korean game companies. Considering Tencent's powerful influence in the Chinese game market and the Chinese government's issuance in December 2022 of several "banhao" (game service licenses) to Korean games in the Chinese market for the first time in a year and a half, expectations are rising that Tencent's investment in Korea will provide a new opportunity for Korea game developers to launch their high-quality games in the Chinese market.
Recommendation on Locations
Industrial Complex Information
Songdo Knowledge and Information Industrial Complex(Incheon Free Economic Zone)
| Initial designation date | 2000.09.18 |
|---|---|
| Designated area(m2) | 2,401,745 |
| Management | Incheon Free Economic Zone Authority |
| Nearby Railway | Bupyeong Station |
| Distance from station(km) | 18 |
| Nearby Airport | Incheon Airport |
| Distance from airport(km) | 31 |
| Industrial waterSupply capacity(ton/day) | - |
| Affiliation local government | Incheon Metropolitan City Yeonsu-gu |
| Population | 2,943,491 |
Industrial Complex Information
Chuncheon Urban High-tech Cultural Industrial Complex
| Initial designation date | 2008.01.25 |
|---|---|
| Designated area(m2) | 186,922 |
| Management | Gangwon-do Chuncheon City |
| Nearby Railway | Jipyeong Station |
| Distance from station(km) | 60 |
| Nearby Airport | Wonju Airport |
| Distance from airport(km) | 78 |
| Industrial water Supply capacity(ton/day) | - |
| Affiliation local government | Gangwon-do Chuncheon City |
| Population | 281,854 |
Industrial Complex Information
Chuncheon Power IT Cultural Complex General Industrial Complex
| Initial designation date | 2009.06.05 |
|---|---|
| Designated area(m2) | 353,659 |
| Management | Gangwon-do Chuncheon City |
| Nearby Railway | Yangpyeong Station |
| Distance from station(km) | 49 |
| Nearby Airport | Wonju Airport |
| Distance from airport(km) | 65 |
| Industrial water Supply capacity(ton/day) | 1,706(㎥/day) |
| Affiliation local government | Gangwon-do Chuncheon City |
| Population | 281,854 |
Industrial Complex Information
Cheongju Urban High-tech Cultural Industrial Complex
| Initial designation date | 2002.03.25 |
|---|---|
| Designated area(m2) | 47,900 |
| Management | Chungcheongbuk-do Cheongju City |
| Nearby Railway | Ogeunjang Station |
| Distance from station(km) | 6 |
| Nearby Airport | Cheongju International Airport |
| Distance from airport(km) | 9 |
| Industrial water Supply capacity(ton/day) | - |
| Affiliation local government | Chungcheongbuk-do Cheongju City |
| Population | 843,782 |
Industrial Complex Information
Paju Publishing Culture Information National Industrial Complex
| Initial designation date | 1997.03.26 |
|---|---|
| Designated area(m2) | 1,561,939 |
| Management | Korea Industrial Complex Corporation |
| Nearby Railway | Paju Station |
| Distance from station(km) | 17 |
| Nearby Airport | Gimpo International Airport |
| Distance from airport(km) | 29 |
| Industrial water Supply capacity(ton/day) | 2176(㎥/day) |
| Affiliation local government | Gyeonggi-do Paju City |
| Population | 459,158 |
Industrial Complex Information
Songam General Industrial Complex
| Initial designation date | 1979.07.04 |
|---|---|
| Designated area(m2) | 415,946 |
| Management | Gwangju City (Songam Industrial Complex Council) |
| Nearby Railway | Gwangju Station |
| Distance from station(km) | 14 |
| Nearby Airport | Gwangju Airport |
| Distance from airport(km) | 9 |
| Industrial water Supply capacity(ton/day) | 6000000(㎥/day) |
| Affiliation local government | Gwangju Metropolitan City Nam-gu |
| Population | 1,454,154 |