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Sales of S. Korean Film Industry Soar Nearly 150 pct On-year in July

Sales of S. Korean Film Industry Soar Nearly 150 pct On-year in July

SEOUL, Aug. 17 (Korea Bizwire) — The Korean film industry saw its monthly sales soar nearly 150 percent on-year in July on the back of several box-office hits, data showed Wednesday. The industry’s total revenue amounted to 170.4 billion won (US$130.2 million) last month, up 149.4 percent from 68.3 billion won a year earlier, according [...]

S. Korean Film Market Shrinks 2 yrs in Row in 2021 amid Protracted Pandemic

S. Korean Film Market Shrinks 2 yrs in Row in 2021 amid Protracted Pandemic

SEOUL, Feb. 22 (Korea Bizwire) — South Korea’s filmmaking industry contracted for a second straight year in 2021 due mainly to the yearslong COVID-19 pandemic, government data showed Tuesday. The aggregated revenues of the local film market, which includes domestic sales of movie tickets, and online releases and exports, reached 1.02 trillion won (US$855 million) [...]

S. Korean Film Industry on Full Alert amid Coronavirus Spike

S. Korean Film Industry on Full Alert amid Coronavirus Spike

SEOUL, Dec. 8 (Korea Bizwire) — The South Korean film industry is struggling to stem further COVID-19 infections as some filmmakers have tested positive for the virus. Earlier this week, director Min Kyu-dong, who directed the romantic comedy “All About My Wife” (2012) and the drama “Herstory” (2018), tested positive for COVID-19. As Min, co-president [...]

Cinema Chains, Distributors Remain in Red in Q3, but Have Likely Bottomed Out

Cinema Chains, Distributors Remain in Red in Q3, but Have Likely Bottomed Out

SEOUL, Nov. 16 (Korea Bizwire) — South Korean movie theaters and film distributors again struggled with operating losses in the third quarter due to the protracted novel coronavirus pandemic, but their deficit contracted from three months earlier, industry reports showed Monday. CJ CGV, the leading multiplex chain in South Korea, saw its third-quarter operating loss [...]