SEOUL, March 9 (Korea Bizwire) — Park Se-yeon visits a theater complex in downtown Seoul twice a week but doesn’t sit in front of the big screen to watch movies. She goes down to the fourth basement level and heads to an indoor climbing gym. The office worker in her late 20s has been taking [...]
SEOUL, June 12 (Korea Bizwire) — CJ CGV, South Korea’s largest multiplex cinema chain, said Sunday that it will expand investment in high-technology, multi-projection screens and premium theaters to meet changing customer demand in the post-pandemic era. “We will focus more on expanding high-tech screens in a bid to help movie fans not only watch [...]
SEOUL, Feb. 21 (Korea Bizwire) – South Korea’s major multiplex operators stayed in the red in the fourth quarter of last year amid the protracted COVID-19 pandemic but are expected to turn a corner in the coming quarters, financial data showed Monday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korean multiplex operators have braced for a long-awaited comeback of the audience to movie theaters as a gradual return to normalcy from the COVID-19 pandemic started Monday. The local health authorities earlier announced plans to go ahead with the “living with COVID-19″ scheme from the first day of [...]
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 [...]