Netflix sends 81% of Korea revenue to US parent, report shows
Source ↗
👁 3
💬 0
Netflix generated more than 1 trillion won ($730 million) in revenue in Korea last year, but sent 81 percent of that sum to its U.S. parent company, leaving its Korean operation with an operating profit of just 20.3 billion won, according to an analysis of its financial statements. Rep. Han Jun-ho of the Democratic Party of Korea, a member of the National Assembly’s Science, ICT, Broadcasting and Communications Committee, analyzed the audit report of Netflix Services Korea and found that the com
Comments (0)