SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s once-vibrant multiplex cinema industry is facing an unprecedented contraction as leading chains shut down theaters across the country, squeezed by sluggish audience recovery and the unrelenting rise of online streaming platforms. Two symbolic closures have drawn attention in recent weeks: CGV Myeongdong Station Cine Library — a haven [...]
SEOUL, March 18 (Korea Bizwire) — The number of moviegoers plunged to a record low for February amid the prolonged novel coronavirus pandemic, box office data showed Thursday. A total of 3.1 million people went to theaters last month, down 57.8 percent from a year earlier, according to the data from the Korean Film Council [...]
SEOUL, Dec. 9 (Korea Bizwire) — No longer basking in the glow of a flourishing film industry, South Korea is expected to log the lowest number of moviegoers in over a decade this year due to the impact of the new coronavirus pandemic. As of Wednesday, the total number of moviegoers for this year was [...]
SEOUL, Oct. 5 (Korea Bizwire) — The combined revenue for South Korean movie theaters declined by over 70 percent as the new coronavirus pandemic has continued for months, according to a lawmaker Monday. Cinemas across the country posted revenue of 415.1 billion won (US$356.9 million) in the first nine months of this year, more than [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean moviegoers feel less concerned about possible coronavirus infections at cinemas due to tightened social distancing rules, a survey showed Thursday. Three major multiplex chains, CGV, Lotte Cinema and Megabox, conducted a joint poll on 1,746 people who went to cinemas from Sept. 12-13, asking whether they feel [...]
SEOUL, July 22 (Korea Bizwire) – Could the living dead bring withering South Korean movie theaters back to life? Two recently released zombie thrillers, “#Alive” and “Peninsula,” are attracting South Korean film buffs to movie theaters, which have been empty for months due to the novel coronavirus pandemic. According to box-office data by the Korean [...]
SEOUL, Aug. 20 (Korea Bizwire) — The number of moviegoers edged down this summer from a year ago, but Korean cinemas earned much more thanks to higher admission prices and the growing popularity of more expensive formats, data showed Monday. Korean cinemas sold a total of 34.43 million tickets during the peak summer season from [...]