SEOUL, Oct. 10 (Korea Bizwire) – A vast majority of Seoul residents engage in recreational activities such as watching videos while they’re traveling to work or school. Most of them think it’s a good way to spend their time, and it’s worth around 5,000 to 9,000 won per hour when you add it up each month. [...]
SEOUL, Jan. 29 (Korea Bizwire) — The South Korean entertainment and broadcasting industries have been on full alert amid continued concerns over the Chinese coronavirus outbreak that has killed more than 130 people and spread to many other countries and regions, industry sources said Wednesday. An increasing number of entertainment agencies have decided to defer [...]
SEOUL, Aug. 30 (Korea Bizwire) — JYP Entertainment, the home for top-rung girl band TWICE, beat its long-time rival SM Entertainment to emerge as the biggest entertainment firm by market capitalization for the first time in nearly two decades this week. Following steady growth since early this year, shares of JYP finished at 31,300 won [...]
NEW YORK, Jun. 5 (Korea Bizwire) — According to PwC’s Global Entertainment & Media Outlook 2018-2022 (Outlook), the ongoing rapid evolution of the industry has entered a dynamic new phase. Amid growth that is broad-based and consistent – but unevenly distributed – three imperatives are affecting every company in the industry: convergence, connecting with consumers [...]
SEOUL, June 4 (Korea Bizwire) — Major K-pop label JYP Entertainment has teamed up with the biggest Chinese music-streaming company to launch a band of six Chinese boys in their early teens, the Korean company said Monday.The group Boy Story will debut in China in September through the joint project between JYP’s Chinese branch and [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korea’s culture and entertainment business has seen its high-speed ups and downs in just a couple of years, with a former music video director who made a meteoric rise now facing criminal charges. Cha Eun-taek, who made a name for himself from making hit TV ads and music [...]
LOS ANGELES, Aug. 1 (Korea Bizwire) – South Korea’s CJ Group vowed Monday to boost global sales of its two entertainment units by capitalizing on the growing popularity of the Korean Wave. Entertainment giant CJ E&M and South Korea’s largest cinema chain, CJ CGV, saw their combined global sales reach 424.9 billion won (US$383 million) [...]
SUWON, June 3 (Korea Bizwire) – Have you ever dreamed of becoming the next Sherlock Holmes? Then a new trend sweeping Korea called escape rooms should be right up your alley. Although escape rooms have been around for a while in other countries around the world, these mysterious, problem-solving enterprises have only recently picked up in [...]
SEOUL, Feb. 29 (Korea Bizwire) – Mohegan Sun, a U.S. casino operator, said its envisioned integrated resort in South Korea will present a vibrant mix of world-class performances and Korean pop stars to become a premier entertainment venue in Asia. A Mohegan Sun-led consortium with Korean chemicals maker KCC Corp. on Friday won a bid [...]
SEOUL, Korea, Feb 19 (Korea Bizwire) – Kabam, the leader in the western world for free-to-play games for traditional players, today announced its continued international expansion with an office opening in April in the Sinsa-dong district of Seoul. Kabam’s Seoul office will provide live operations, localization, quality assurance, marketing, and player experience services dedicated [...]