SEOUL, July 21 (Korea Bizwire) — South Korean cinema chains are expanding premium large format auditoriums in a bid to meet rising customers’ demand for better picture and sound in theaters. CJ CGV, the country’s largest multiplex operator, opened a new IMAX screen at its theater in Cheongju, some 109 kilometers south of Seoul, earlier [...]
SEOUL, Jul. 19 (Korea Bizwire) — With the annual number of moviegoers in South Korea peaking at around 200 million, and the multiplex industry stagnating, top movie theater chains are ramping up investment in infrastructure and making concerted efforts to branch out into international markets. Amid the rise of video streaming services and IPTV, and [...]
SEOUL, Apr. 15 (Korea Bizwire) — With about a week left before the opening of the “Avengers” sequel, South Korean cinemas were bustling with fans coming to reserve tickets for the film on Wednesday. Multiplex cinema chains such as CGV, Lotte Cinema and Megabox said they began receiving reservations at hundreds of theaters ahead of [...]