SEOUL, Feb. 18 (Korea Bizwire) – South Korea’s three major multiplex chain operators have seen their respective 2020 sales plunge nearly 70 percent from a year earlier due to the fallout of the yearlong novel coronavirus pandemic, data showed Thursday. Industry leader CJ CGV, the cinema affiliate under the wing of entertainment giant CJ Group, [...]
SEOUL, Jan. 26 (Korea Bizwire) – The number of cinema closures soared to a 12-year high in 2020 in the wake of the coronavirus outbreak, data showed Tuesday. A total of 81 movie theaters closed shop across the nation last year, nearly double from the 43 shutdowns a year earlier, according to the data from [...]
SEOUL, Dec. 4 (Korea Bizwire) — Lotte Cultureworks, the retail giant Lotte Group’s cinema affiliate, has made inroads into Indonesia, with a goal to open 20 movie theaters in the Southeast Asian country by 2020, the company said Tuesday. As the initial step, the operator of Lotte Cinema, one of the biggest South Korea movie [...]
SEOUL, March 16 (Korea Bizwire) – A subsidiary of South Korea’s largest cinema chain, CJ CGV, said Thursday it has recently opened its first 4DX movie theaters in Norway and France. The 4DXPlex Co. said it opened the two public theaters in partnership with Norway’s Nordisk Film Kono and Pathe of France last Friday and [...]
SEOUL, Jan. 12 (Korea Bizwire) – South Korean box offices pulled in record-high profit despite the falling number of local moviegoers last year, a result of higher film ticket prices, data showed Thursday. The data from the Korean Film Council (KOFIC) showed that the total number of cinemagoers last year was 217.02 million, down 0.1 [...]
SEOUL, June 1 (Korea Bizwire) – The Korean Film Council (KFC) said Tuesday that it will hold a “K-Cinema Global Networking” event in Ho Chi Minh City this month to expand cooperation and exchanges in cinema between South Korea and Vietnam. To be jointly held by the KFC and Vietnam’s culture ministry from June 22 to [...]
BUSAN, May 20 (Korea Bizwire) – The Busan Metropolitan Government will partner with China’s Wanda Group to raise 100 billion won for use in future Korea-China film productions. The city revealed Friday that it had agreed on specific investment terms for the joint-production fund with Wanda Group representatives including chairman Wang Jianlin. Busan mayor Suh Byung-soo [...]
SEOUL, May 4 (Korea Bizwire) – There is no such thing as a BFF – and apparently Korean theatergoers are enjoying the premise. More than 90 percent of those who visited the theaters last weekend watched ‘Captain America: Civil War’, the latest blockbuster film from Marvel Studios. Civil War was screened 29,756 times on 1,989 [...]
SEOUL, Dec. 29 (Korea Bizwire) – The number of movie-goers in South Korea has reached a new high for a fifth consecutive year in 2015, thanks in part to the popularity of domestic movies, data by the official market tracker showed Tuesday. More than 215.2 million people went to the movies from Jan. 1 to [...]
BUSAN, Dec.21 (Korea Bizwire) – In the not-so-distant future, the number of movies or videos produced with the support of the ‘Cinema City’, Busan, will exceed 1,000. The Busan Film Commission announced that it has supported the production of 993 movies and videos over the past 15 years. This year, a total of 93 videos [...]