SEOUL, Dec. 24 (Korea Bizwire) — South Korean film distribution companies went through hard times this year as the local cinema industry has been still suffering from a sharp drop in attendance amid the COVID-19 pandemic. A combined 18 films, including “A Year-End Medley” slated for Wednesday next week, has been distributed in 2021 by [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korean cinema chain operators remained in a slump in the second quarter of 2021 but found a glimmer of hope for a rebound amid the protracted novel coronavirus pandemic, financial data showed Tuesday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant CJ Group, [...]
SEOUL, July 14 (Korea Bizwire) — The new coronavirus pandemic has crippled every aspect of daily life as people increasingly opt to reduce contact, stay at home and shun visits to closed environments out of fear of contracting the virus. But the movie industry, one of the sectors hit hardest by the COVID-19 outbreak, is [...]
SEOUL, July 8 (Korea Bizwire) — A flood of job cuts unleashed by the coronavirus outbreak has been sweeping the South Korean movie theater industry amid the prolonged fallout from the pandemic. Lotte Cultureworks, the entertainment unit of retail giant Lotte Group, said Wednesday that it has asked some employees to resign as part of [...]
SEOUL, Feb. 15 (Korea Bizwire) – A record 220 million spectators visited movie theaters in South Korea last year, helping a record five films garner more than 10 million viewers each, a report showed Saturday. According to a report on the South Korean movie industry in 2019 published by the Korean Film Council, the country’s [...]
SEOUL, Apr. 27 (Korea Bizwire) – The box-office domination of “Avengers: Endgame” in South Korea has rekindled a drawn-out controversy over anti-monopoly regulation in the local cinema market. The finale of the Marvel “Avengers” series hit 3.2 million admissions as of Friday, the third day of its release in the country, according to data from [...]