SEOUL, Oct. 5 (Korea Bizwire) — The combined revenue for South Korean movie theaters declined by over 70 percent as the new coronavirus pandemic has continued for months, according to a lawmaker Monday. Cinemas across the country posted revenue of 415.1 billion won (US$356.9 million) in the first nine months of this year, more than [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean moviegoers feel less concerned about possible coronavirus infections at cinemas due to tightened social distancing rules, a survey showed Thursday. Three major multiplex chains, CGV, Lotte Cinema and Megabox, conducted a joint poll on 1,746 people who went to cinemas from Sept. 12-13, asking whether they feel [...]
SEOUL, Aug. 31 (Korea Bizwire) — The looming second wave of the novel coronavirus pandemic has pushed South Korean film theater operators into a corner again, leading them to reduce payroll and shut down branches. Lotte Cultureworks, the entertainment unit of retail giant Lotte Group, said Saturday that it will offer voluntary retirement to long-term [...]
SEOUL, May 25 (Korea Bizwire) — While fears of the novel coronavirus have emptied movie theaters in South Korea, esports fans are given a rare opportunity to watch a “League of Legends” (LoL) tournament on the big screen. CGV, a multiplex chain run by entertainment giant CJ Group, said Monday it will live stream the [...]
SEOUL, Jan. 25 (Korea Bizwire) – Classical performances and operas shown in cinemas have been gaining popularity among classical music fans and moviegoers, industry data showed Saturday. CJ CGV, a leading multiplex chain run by entertainment giant CJ Group, launched a monthly opera program to show Italian operas in special theaters starting this year. The [...]
SEOUL, Oct. 22 (Korea Bizwire) — The South Korean government’s recent announcement of a plan to adopt an anti-monopoly regulation in the local cinema market has rekindled debate over the issue among local cineastes. Last week, the Ministry of Culture, Sports and Tourism said it is seeking to put a ceiling on the number of [...]
SEOUL, Dec. 4 (Korea Bizwire) — Lotte Cultureworks, the retail giant Lotte Group’s cinema affiliate, has made inroads into Indonesia, with a goal to open 20 movie theaters in the Southeast Asian country by 2020, the company said Tuesday. As the initial step, the operator of Lotte Cinema, one of the biggest South Korea movie [...]
SEOUL, Nov. 2 (Korea Bizwire) — Chu Seung-yup and his three friends, all in their early 20s, looked triumphant when they successfully finished an escape room game at a CGV movie theater in Seoul, late October. The game was what attracted them to the cinema. The four friends came to Seoul on Oct. 21 from [...]