SEOUL, July 2 (Korea Bizwire) — South Korean movie theaters are moving towards a rebound this summer, as blockbusters return to local theaters amid progress in vaccinations around the globe. Movie stocks recovered much of their losses from the pandemic on expectations that several Hollywood mega-projects by Disney, Sony and Warner Bros. would roll out [...]
SEOUL, June 28 (Korea Bizwire) — With movie theaters struggling with the ongoing pandemic, drive-in theaters are rising as a new alternative. South Korean cinema chain CJ CGV opened the CGV Drive-in Square One in Incheon’s Yeonsu District on Friday. The theater can accommodate up to 100 vehicles, and is connected to a walkway alongside [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s major movie theaters are increasingly attempting to explore new types of content by leveraging their strengths in big screens and audio systems. Lotte Cinema, one of the three biggest multiplex chains in the country, unveiled ‘Pop-up Travel Live’ in collaboration with travel content maker Guide Live. The [...]
SEOUL, June 18 (Korea Bizwire) — More than a year after the novel coronavirus upended lives across the world, an increasing number of South Koreans are filling movie theaters, auditoriums and concert halls to shell out for experiences they have missed. In the midst of “revenge spending,” referring to a recent shopping spree in the [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s major multiplex chains are engaged in the development of various goods and events to promote environmental protection ahead of World Environment Day, which falls on June 5. CJ CGV is continuing its initiative of releasing eco-friendly goods made of waste resources such as waste screens. The cinema [...]
SEOUL, June 2 (Korea Bizwire) — South Korean movie theaters said Wednesday that they have started a program to give price discounts to vaccinated people for this month as part of marketing strategies to fill virus-hit empty cinemas. Under the one-month campaign starting Tuesday, those who have received at least one shot of COVID-19 vaccines [...]
SEOUL, May 17 (Korea Bizwire) — South Korean major multiplexes are struggling to attract moviegoers as the coronavirus pandemic continues to rage on. Megabox is offering a movie ticket and a carbonated drink for every 10,000 won (US$8.81) purchase until May 31. Every customer who watches five movies at the theater this month will be [...]
SEOUL, May 12 (Korea Bizwire) — South Korean movie theaters on Wednesday called on the government to come up with more practical financial measures to rescue the sector that has been in the doldrums for more than a year amid the prolonged COVID-19 pandemic. The country’s cinema chain association, whose members include three major multiplexes [...]
SEOUL, Feb. 24 (Korea Bizwire) — An increasing number of movie theaters in South Korea are being transformed into places where a variety of leisure activities ranging from games to travel can be enjoyed. The nation’s film industry is exploring various ways to survive as the number of moviegoers has declined sharply due to the [...]
SEOUL, Jan. 26 (Korea Bizwire) – The number of cinema closures soared to a 12-year high in 2020 in the wake of the coronavirus outbreak, data showed Tuesday. A total of 81 movie theaters closed shop across the nation last year, nearly double from the 43 shutdowns a year earlier, according to the data from [...]