The latest survival South Korean drama distributed by Netflix, Squid Game, explosively surged the South Korean entertainment industry stocks. This phenomenon highlights the potential of Korean companies posing a serious competitive threat to Hollywood. These media companies include Siren Pictures, Bucket Studio Co., and Showbox.
South Korean Stocks Surge
Squid Game is the first K-drama to achieve the No. 1 rank on Netflix in the US. As a result, Bucket Studio Co. has surged more than 70%. Whereas Showbox Corp., whose predecessor invested in Siren Pictures, jumped more than 50% last week.
According to the analyst Douglas Kim, Bucket Studio serves as an indirect beneficiary of the series “Squid Game”. Further, Showbox’s connection remains uncertain since Siren Pictures i...