Netflix recently revealed the cast for Season 2 of Squid Game. Written and directed by Hwang Dong-hyuk, 'Squid Game' is a Netflix show that follows a group of 456 people from all walks of life who are invited to play a series of children's games with life-threatening consequences to having a chance to win a 45.6 billion won (USD 38.7 million) prize. However, existing legal obligations for negotiating with unions do not extend to Netflix's content production model.Īs the popularity of Squid Game continues, the need to address fair compensation for its creator and the industry becomes apparent. Unions urge Netflix to address these issues, calling for collective bargaining. Some fear that local production companies have limited leverage to negotiate improved conditions due to Netflix's ability to create global hits at minimal costs. Reports of unpaid labor, long hours, and understaffed productions have surfaced, echoing industry issues.ĭespite concerns, South Korea's reliance on Netflix grows. However, industry workers argue that conditions on Netflix productions mirror those of other Korean productions. Netflix attributes responsibility for fair treatment to local production partners. It also boosted Hwang's profile, but deprived him of significant financial rewards due to relinquishing intellectual property rights and the absence of residuals. ![]() It achieved record-breaking viewership, surpassing 100 million viewers at launch and accumulating over 1.65 billion viewing hours in just 28 days. ![]() Squid Game debuted in September 2021 and became a global sensation. Despite a modest budget of about $2.4 million an episode, the nine-part series increased Netflix's value by an estimated $900 million. Initially rejected by local distributors, Squid Game found support in Netflix, which took a risk on the unconventional series. According to a Los Angeles Times report, while the series propelled South Korea's content production, concerns have arisen about labor practices and the absence of residuals for talents like Hwang. However, behind its success lies a troubling tale of the show's creator, Hwang Dong-hyuk, and his lack of fair compensation. Squid Game, the South Korean thriller, has gained worldwide attention on Netflix.
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