Set against the backdrop of the Korean entertainment business, The King of Dramas revolves around Anthony Kim (Kim Myung-min), the brilliant CEO of a drama production company who will do anything and everything for the sake of money, fame and success. He is known to possess the Midas touch as he has created blockbuster dramas and Hallyu stars. When a death on the set precipitates his fall from grace, Anthony attempts to regain his former status by putting the drama The Morning of Keijo on air. And to accomplish that, he needs the help of idealistic Lee Go-eun (Jung Ryeo-won), who dreams of becoming a top writer someday, and the handsome but egoistic actor Kang Hyun-min (Choi Siwon).