SEOUL, April 30 (Korea Bizwire) — Megabox, a South Korean multiplex operator, said Thursday that it will reopen 11 theaters this week after shutting them down for about a month due to the novel coronavirus. Its cinemas, including those in Pohang, Daegu, Daejeon and Ulsan, will resume operations from Friday, according to the company. Megabox, [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea is seeking to put a ceiling on the number of movie screens allotted for a single film in a bid to prevent a screen monopoly by big-budget blockbusters, the culture ministry said Monday. “The Ministry of Culture, Sports and Tourism will seek a revision of the ‘Promotion [...]
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 [...]