Domestic broadcast networks have experienced a steep downturn, with their collective drama output dropping from 91 titles in 2012 to just 32 in 2023. These networks struggle to retain intellectual property rights and no longer generate sufficient advertising revenue to offset high production expenses, prompting some to cancel weekday dramas entirely. Industry representatives argue that government assistance is vital, yet state support is wavering. A proposed culture ministry budget cut of approximately US$3.35 million in broadcast-video funding has drawn heavy criticism from creators.
Key points
Intense competition with well-funded global streaming platforms has escalated local produ…: Intense competition with well-funded global streaming platforms has escalated local production budgets beyond the reach of traditional broadcasters.
Traditional advertising models are no longer capable of recouping the rising expenses req…: Traditional advertising models are no longer capable of recouping the rising expenses required to produce modern television dramas.
Industry coalitions across various production roles are unified in demanding urgent state…: Industry coalitions across various production roles are unified in demanding urgent state financial backing to prevent systemic industry collapse.
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SEOUL: Twelve South Korean industry groups urged the government on Wednesday (Nov 5) to invest in and support production of Korean television dramas, known as K-dramas, warning that the country's production base risked collapse.
K-dramas have been hugely popular globally, but the number produced has fallen about 30 per cent from 141 titles in 2022, according to the Korea Drama Production Association.
Three domestic broadcast networks cut drama output from 91 titles in 2012 to 32 in 2023, and some channels had stopped airing weekday dramas altogether, the groups, which represent industry workers including TV drama producers, directors, writers, actors, cinematographers and crew, said.
The groups attributed the slump in production to rising production costs, which they linked to competition with well-funded global streaming platforms, broadcasters' reduced capacity to invest, and difficulty securing intellectual property rights.
They said advertising income alone could no longer recoup production costs, meaning cutting output had become the rational choice for broadcasters.
The groups criticised the government's 2027 draft budget, which will cut the culture ministry's broadcast-video funding by 4.5 billion won (US$3.35 million).
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