SEOUL, April 28 (Korea Bizwire) — A K-pop festival hosted by South Korea’s leading content and media company CJ E&M will expand to the east coast of the U.S. from the west coast this summer, the company said Tuesday. KCON launched in 2012 and has quickly developed to be North America’s largest annual Korean cultural festival that [...]
SEOUL, April 9 (Korea Bizwire) — Korean entertainment giant CJ E&M said Thursday it will produce a Web drama starring two K-pop artists managed by YG Entertainment – girl group 2NE1‘s Sandara Park and boy group Winner‘s Kang Seung-yoon. Based on a Webtoon of the same title, the drama, “We’re Separated,” will portray the country’s younger generation [...]
SEOUL, Feb. 9 (Korea Bizwire) — A domestic film depicting the life of a typical father from Korea’s older generation surpassed the 13 million viewer mark at the local box office, just 53 days after its release last year, according to the Korean Film Council (KOFIC). With the milestone, the film “Ode to My Father” [...]
SEOUL, Dec. 24 (Korea Bizwire) – The Ministry of Culture, Sports, and Tourism has decided not to extend subsidies to large film distributors such as CJ E&M and Lotte Entertainment for their Korean-made movies. It was a follow-up measure after the Fair Trade Commission announced on December 22 that it would impose fines of 5.5 billion won (3.2 billion won [...]
SEOUL, Nov. 28 (Korea Bizwire) – Movie lovers can now comfortably pay for films at home with bitcoins, as CJ E&M has introduced a bitcoin payment service on its website Vingo (www.vingo.co.kr). The online portal offers up a huge quantity of video content, viewable on a myriad of gadget types including smartphones, televisions, tablets and [...]
SEOUL, May 15 (Korea Bizwire) – Korean game companies are eyeing the Chinese market as they experience a limited growth in the domestic market due to cutthroat competition. The volume of the Chinese mobile game market is estimated to reach about 3.9 trillion won (23 billion yuan) this year, an 80-percent increase from 1.85 trillion [...]