cinema chains Archives | Be Korea-savvy

S. Korean Cinema Chains Still in Red in Q1 but Optimistic About Possible Rebound

SEOUL, May 17 (Korea Bizwire) — South Korea’s major cinema chains remained in the red in the first quarter of this year amid the protracted COVID-19 pandemic, but the lifting of distancing rules will likely provide them fresh momentum for a possible turnaround in the coming quarters, data showed Tuesday. CJ CGV, the No. 1 [...]

S. Korean Multiplexes Remain in Red in Q4

SEOUL, Feb. 21 (Korea Bizwire) – South Korea’s major multiplex operators stayed in the red in the fourth quarter of last year amid the protracted COVID-19 pandemic but are expected to turn a corner in the coming quarters, financial data showed Monday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant [...]