S. Koreans' spend 72.5 billion won on Netflix in Feb.

An estimated 5.01 million South Koreans spent 72.5 billion won for Netflix's video streaming services in February, more than tripling the 22.5 billion won paid by 1.68 million viewers the same month in 2019.

The payment, based on local credit and debit card payments, was the highest-ever monthly figure.

According to WiseApp, South Koreans in their 20s accounted for the largest share of paid users at 43.6 percent, followed by the 30s age group at 24.2 percent.

WiseApp added that the data excludes other payment methods, such as those through telecom operators.

IGAWorks, another mobile data tracker, said Netflix recorded over 10 million monthly active users on its mobile apps in the country last month.

Netflix, which debuted its Korean-language content in 2015, vowed to invest $500 million this year to create South Korean-made projects.