Lotte Cinema Archives | Be Korea-savvy
Blockbuster Movies Limit Choice for South Korean Moviegoers

Blockbuster Movies Limit Choice for South Korean Moviegoers

SEOUL, March 21 (Korea Bizwire) — South Koreans now have limited options at the cinema with only a few blockbuster films dominating the big screen. Touted by major movie theater chains, large-budget films from major film studios have been carrying water for the industry, bringing millions of people to the cinema, and coining the term ’10 [...]

South Korean Multiplexes Ramp Up Efforts to Attract Moviegoers Amid Stiff Competition

South Korean Multiplexes Ramp Up Efforts to Attract Moviegoers Amid Stiff Competition

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 [...]

Samsung Showcases World’s First LED Theatre

Samsung Showcases World’s First LED Theatre

SEOUL, Jul. 13 (Korea Bizwire) — Samsung Electronics Co. on Thursday introduced the world’s first LED theater solution, which boasts far improved display resolution compared to traditional movie screens. Under cooperation with Lotte Cinema, a major movie chain in South Korea, Samsung said it successfully installed its cinema LED screen. “Based on Samsung’s display technology, [...]

Lotte Shopping’s Cinema Business to be Spun Off Into Separate Company

Lotte Shopping’s Cinema Business to be Spun Off Into Separate Company

SEOUL, June 8 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its cinema department will be hived off later this year, a move it says will boost each unit’s business competitiveness. During a regular board meeting Thursday, the members approved the plan to spin off the company’s cinema business [...]

Multiplex Cinemas Threatening Independent Films

Multiplex Cinemas Threatening Independent Films

SEOUL, June 8 (Korea Bizwire) – Earlier this week, CJ CGV, South Korea’s largest multiplex operator, celebrated its 1 billionth moviegoer since it opened its first multiplex in Seoul in 1998.  Multiplex cinemas currently dominate South Korea’s film market.  As of 2016, CGV, Lotte Cinema, and Megabox – the big three cinema operators – boasted [...]