Squid Game Stocks Plummet in Korea After Netflix Season Disappointment
Shares of South Korean companies linked to Squid Game fell sharply following the new season’s mixed reviews on Netflix
Business
Squid Game, South Korea, Netflix, Lee Jung-jae, Entertainment
Seoul: So, it looks like the new season of Squid Game didn’t quite hit the mark. Shares of companies tied to the show took a nosedive after its release. Ouch!
Artist United Inc., where the show’s star Lee Jung-jae holds a big stake, saw its stock drop by the daily limit of 30%. That’s a serious hit! Other companies like Wysiwyg Studios and Dexter Studios also faced big losses, with drops of 25% and 24%, respectively.
Remember when the first season came out in 2021? It was a massive hit worldwide! Everyone was buzzing about it, and local entertainment stocks soared. It even made history by being the first non-English show nominated for an Emmy in the best drama category.
With such high hopes for season two, which dropped on December 26, fans were eager to see what was next. While some reviews were a bit harsh, it still managed to get a decent score on Rotten Tomatoes—85% from critics and 65% from viewers.
The New York Times pointed out that this season had big ambitions but didn’t really follow through, saying the story “stalls.” That’s a bummer for fans looking for more excitement!
And just so you know, the final season is set to come out in 2025. Let’s hope it gets back on track!