Korean drama (Korean: 한국 드라마; RR: Hanguk deurama), also known as K-drama or Koreanovela, refers to Korean-language television shows made in South Korea. These shows began to be produced around the early 1960s, but were mostly consumed domestically until the rise of the Korean Wave in the 1990s. They have since achieved significant international popularity, with millions of viewers across the world.
around the 1970s, more and more households in South Korea owned televisions. Programs were often produced on low budgets and were mostly consumed domestically. The industry significantly developed in the 1980s, after the spread of color television. Beginning in the early 1990s, several Korean dramas began achieving significant international popularity, primarily in China and Japan. In addition, South Korean popular music (“K-pop”) and films began seeing similar successes, which gave rise to rapid international adoption of South Korean media in a phenomenon commonly called the Korean Wave. In the following decades, viewership spread throughout the globe. Rapid growth continued into the 2010s, with the rise in online streaming. Around this period, the American video streaming company Netflix took interest in the phenomenon, and began releasing Korean dramas on its platform, as well as creating and funding ones. This culminated in the release of the 2021 Squid Game, which was watched by more than 142 million households in its first four weeks.[1] In 2022, Netflix reported that six in ten of its 221 million subscribers had watched a Korean program in the last year,[2][3] and in April 2023, it announced that it would invest US$2.5 billion in the industry.[4]
The success of Korean dramas has had a significant economic impact on South Korea. In 2022, US$561.3 million of Korean television content was sold abroad, which was a 29.6% increase from the previous year,[5] surpassing those of South Korea’s major export items such as secondary batteries and electric vehicles.[6] The industry also employs tens of thousands of people.[7] Korean dramas have also been cited as a motivation for
Korean series were originally produced in-house by the television channels themselves, but have been outsourced to independent companies since the 2000s. In 2012, as much as 75% of all K-dramas were produced this way. Competition is fierce among these companies; out of 156 registered firms, only 34 of them produced dramas that were actually aired in 2012.[48]
In the late 2010s, a typical Korean drama may cost as much as ₩700 million per episode. Historical dramas have a bigger budget; one episode of the historical romance The Red Sleeve cost as much as ₩950 million.[49] Recently, factors such as improving the work environment, along with whether to sign contracts with domestic and foreign OTT companies such as Netflix have served as variables. For example, Kingdom had a budget of ₩2 billion per episode, while ₩3 billion were spent on each episode of Sweet Home.[48][50][51][52][unreliable source?]
Often, production companies overrun their budgets and cannot pay salaries. In 2012, actors held a demonstration in front of the headquarters of KBS, expressing their concerns. Actors are usually paid after the last episode is aired. In series made by smaller production companies, there have been cases where the companies went bankrupt and could not pay their actors and crew, while the channel denied all responsibility, claiming all liability was with the bankrupt production firm.[53] Producer Kim Jong-hak spent ₩10 billion on Faith, which was considered a commercial failure, resulting in the inability of Kim to pay crew salaries and other overheads. Kim, who had produced iconic dramas such as Eyes of Dawn and Sandglass, committed suicide after he was accused of embezzlement.[54][55]
The biggest stars may earn more than ₩200 million per episode, with Kim Soo-hyun, the lead of hit dramas Moon Embracing the Sun (2012), My Love from the Star (2013) and It’s Okay to Not Be Okay (2020) reportedly receiving ₩500 million per episode for One Ordinary Day in 2021.[56]
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