SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s major cinema chains showed clear signs of recovery in the second quarter as a growing number of moviegoers are returning to theaters, industry data showed Thursday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant CJ Group, said its aggregated operating loss came [...]
SEOUL, July 13 (Korea Bizwire) — As movie theaters are seeing a return of customers with the end of social distancing, the aftermath of staff cuts during the pandemic era is being felt by customers. Three major multiplexes in the summer peak season have taken measures to run movie theaters with minimal staffing, introducing policies [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korean multiplex operators suffered huge losses in the third quarter amid the protracted COVID-19 pandemic, but their bottomline is expected to improve thanks to the nationwide move to return to normalcy, financial data showed Wednesday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant [...]
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 [...]