Seoul, South Korea - South Korean TV program exports have reached a new high, with a nearly 30 percent increase from the previous year, hitting a record $561.3 million in 2022. The Ministry of Science and ICT and the Korea Communications Commission revealed this in their annual report on the local broadcasting industry.
According to Yonhap News Agency, The surge in exports is attributed to the growing demand from global streaming platforms, with Korean TV dramas being a significant contributor. Japan was the leading importer of these programs, followed by the United States and China. On the import front, South Korea purchased $72.9 million worth of foreign content in 2022, predominantly from the U.S. and Japan. The broadcasting sector in South Korea reported total revenues of 19.8 trillion won ($15.2 billion) last year, with terrestrial broadcasters and paid TV channels experiencing increases in sales.