(Bloomberg Quint) The new Netflix thriller series ‘Squid Game’ has sparked interest among investors who have since gone bullish on Korean media stocks.
Fig: Showbox and Bucke Studio Stocks
Stocks of Bucket Studio and Showbox Corporation, the two companies associated with the production, have surged 90% and 50%, respectively, in 3 trading sessions.
CJ ENM and Studio Dragon are other stocks on an uptrend as analysts hold bullish sentiments on the Korean media stocks over the next 2-3 years driven by content demand.
The hit show tops Netflix’s global rankings and is the first Korean media production to rank so high in the US.
‘Squid Game’ is a survival series of people with high debts trying to use deadly tactics to win prize money.
066410 is up +1.93%, 086980 is down -10.38%, NFLX is down -0.15%
