NAVER Corporation and Netflix Forge Strategic Partnership to Enhance Membership Services and Expand Reach in South Korea

Reuters
2025/06/05
NAVER Corporation and Netflix Forge Strategic Partnership to Enhance Membership Services and Expand Reach in South Korea

NAVER Corporation and Netflix have entered a promising partnership aimed at enhancing their platform capabilities and content strategies. This collaboration, known as the "Ne-Net" partnership, has already shown impressive results in South Korea. NAVER's Plus Membership subscribers have gained access to Netflix's ad-supported Standard plan at no additional cost, resulting in a 1.5x increase in new sign-ups for NAVER Plus Membership. In return, Netflix has expanded its reach among Korean users through NAVER's platform. Executives from both companies met at Netflix's Los Angeles office to discuss the partnership's success and explore further opportunities for broader collaboration. They emphasized a shared commitment to user-centric innovation and agreed to continue discussions on specific directions for future cooperation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Naver Corporation published the original content used to generate this news brief on June 05, 2025, and is solely responsible for the information contained therein.

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