An estimated 5.01 million South Koreans spent 72.5 billion won for Netflix's video streaming services in February, more than tripling the 22.5 billion won paid by 1.68 million viewers the same month in 2019.
The payment, based on local credit and debit card payments, was the highest-ever monthly figure.
According to WiseApp, South Koreans in their 20s accounted for the largest share of paid users at 43.6 percent, followed by the 30s age group at 24.2 percent.
WiseApp added that the data excludes other payment methods, such as those through telecom operators.
IGAWorks, another mobile data tracker, said Netflix recorded over 10 million monthly active users on its mobile apps in the country last month.
Netflix, which debuted its Korean-language content in 2015, vowed to invest $500 million this year to create South Korean-made projects.


Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates
Alphabet Stock Slides as AI Talent Exodus and SpaceX Losses Shake Investor Confidence
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook
US Judge Seeks Explanation for DOJ’s Decision to Drop Gautam Adani Bribery Case
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates
Bain Capital Nears Deal for Majority Stake in Volkswagen Marine Engine Unit Everllence
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 



