The worst in the last 10 years... ”Even famous actors can't appear”

"The number of productions has really decreased recently. I really feel that it is important that scripts come to me." (Actor Kim Ha Nul)
The situation will become even more serious next year, with TV series production hitting its lowest level in a decade.
The number will drop from 141 works in 2022 to 123 works in 2023, and from 100 works this year to around 80 works next year.
Excluding global OTT productions such as Netflix and Disney+, the number of TV series being produced is at an all-time low.
Lee Jung-gwan, chief expert at the Sejong Law Firm, said at a recent seminar held by the Korea Media Policy Association that
Chief expert Lee Jung-kwan said, "The cost of content production is skyrocketing as global OTTs raise actor fees and other costs. The more content we create, the more we incur losses."
"We are facing a situation where even content that was in production is being halted," he added. The domestic media industry is facing a major crisis. Netflix's influence is expanding, and domestic broadcasting
The revenue of TV operators has fallen sharply, and the TV series production capacity that supported their competitiveness has reached its limits. Netflix has become so popular that the basic fee for the main cast per episode is 300 to 400 million won.
The huge increase in production costs has forced domestic broadcasters into a situation where they can no longer bear it. The number of TV Series produced has been greatly reduced, and many actors are facing difficulties as they have no work to appear in.
Actor Kim Ha Nul appeared on a YouTube channel and said, "I'm really grateful that I'm even receiving scripts," revealing his current situation as he feels the industry's slump.
Yeon-jung confided, "I'm not getting any offers for roles. It doesn't have to be the first-rate production. I don't mind taking a cut in my acting fee."
Last year, domestic broadcasting revenues fell 4.7% year-on-year to 18.9734 trillion won, the lowest in 10 years.
In particular, terrestrial broadcasting, the main producer of broadcasting content in Korea, saw its advertising sales drop by about 1 trillion won, from 1.9112 trillion won in 2015 to 927.3 billion won last year.
Major pay-TV networks such as KT Skyla and LG Hello Vision are offering special voluntary retirement programs for the first time in history. The rise in OTT usage such as Netflix has accelerated the trend of canceling pay-TV programs.
Experts emphasized that the most important thing is to eliminate reverse discrimination. Unlike Netflix, which is not subject to broadcasting regulations, domestic broadcasters are subject to greater restrictions on content and advertising.
Kang Shin-kyu, a senior researcher at the Korea Broadcasting Advertising Promotion Agency, said that the most urgent task is to ease advertising regulations.
"We expect to earn 200 billion to 300 billion won in advertising sales in Korea over the next five years by launching the new system," he said. "We will ease advertising restrictions for domestic businesses and eliminate concerns about introducing new advertising.
It is a must," he said.