MEGABOX Archives | Be Korea-savvy
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 [...]

Financial Industry Meddling in Movie Ticket Sales

Financial Industry Meddling in Movie Ticket Sales

SEOUL, Jan.25 (Korea Bizwire) – Although January is usually a busy time at movie theaters, this year is different, and cinema owners are not happy that customers are staying away. Under these circumstances, it was revealed that the Financial Services Commission (FSC), a government organization that issues financial policies and oversees financial institutions, asked finance [...]

FTC Investigates Alleged Unfair Business Practices of Multiplex Theaters

FTC Investigates Alleged Unfair Business Practices of Multiplex Theaters

SEJONG, June 18 (Korea Bizwire) — South Korea’s antitrust watchdog said Thursday that it has started a probe to determine if local multiplex theaters engage in unfair trade practices that hurt consumers. The Fair Trade Commission (FTC) said it is trying to determine if CJ CGV, Lotte Cinema and Megabox forced customers to view extended advertisements and made [...]

Culture Ministry to Mandate Movie Distributors to Disclose Data on Screen Numbers

Culture Ministry to Mandate Movie Distributors to Disclose Data on Screen Numbers

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 [...]

South Korea’s MEGABOX Selects MasterImage 3D as 3D Digital Cinema Partner

South Korea’s MEGABOX Selects MasterImage 3D as 3D Digital Cinema Partner

SEOUL, South Korea, June 25, 2014 (Korea Bizwire)–MEGABOX, one of South Korea’s largest cinema chains, today will debut the first MI-HORIZON3D system in South Korea for the opening of Transformers: Age of Extinction. Following the successful installation of the high-brightness, premium MI-HORIZON3D, MEGABOX will continue to deploy systems throughout the year. The MI-HORIZON3D is the innovative [...]