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Other entertainment companies that have invested in the South Korean pop culture entertainment business include Hong Kong telecommunication giant PCCW Ltd.with its Viu streaming service and Turner Broadcasting's Oh! South Korean content takes precedence in the programming on both channels that are available in various Asian countries.Breaking into the world's second largest economy might be a challenge due to strict censorship laws that limit Chinese market to many foreign media players.
“The Vegetarian” has earned praise beyond the borders of South Korea and has own the Man Booker International Prize, awarded every other year to novels from any country published in English (as it has been translated by Deborah Smith).
If Netflix gains some brand awareness in China and other Asian countries through licensing content, they can get other opportunities in the future,” she said.
Netflix is the world's leading internet entertainment service with over 109 million members in over 190 countries enjoying more than 140 million hours of TV shows and movies per day, including original series, documentaries and feature films.
The announcement comes after rumors of the group going on separate ways sparked by the members' contracts being about to expire.
The news were confirmed by the South Korean company JYP Entertainment and said that the decision had come up after much discussion among the members and their agency.