"It’s more important to have a diverse range of mid-budget films that will present lower risks and help build a stronger market."Insiders point out, however, that such a polarization is not limited to the indie-versus-mainstream discourse.
Increasing market share of Korean movie, from 15.9% to 45.2% within 9 years Until 1993, the Korean movie had a very small market share, because of its low quality, due to the limited budget for production and the lack of a well-developed system compared to the mighty Hollywood majors, which had been present on the Korean market since 1988.
Required Cookies & Technologies. Free Korean Movies Online: 6 Cool Spots for No-cost Viewing AsianCrush If films don’t have a big debut, they get pulled immediately, and then cinemas will allot more screens to the bigger blockbusters,” says a staff member at a major multiplex who asked not to be named.Jung also plays the lead role in the mystery romance, which cost less than $4 million, a medium-sized project with a break-even point of roughly 3 million admissions.Much like Robert Simonds’ STX Entertainment stateside, Jung believes mid-budget features offer both creative value and a market opportunity. Two stories to illustrate: in 1993, the Korean film industry's domestic market share was 16 per cent, a new low. There is an obsession with blockbusters that hit 10 million admissions, and mid-budget commercial films are being neglected," adds Cho. The Korean movie market since the late 1980s provides a fruitful example of how an increased exhibition outlet affects the source, content and exposure diversity.
The Korean market is the case where the expansion in the exhibition market benefits consumer diversity but not necessarily the source diversity.
If we succeed, then I am sure this will inspire more filmmakers to do the same."As polarization within the industry deepens — between both big-budget and indie filmmaking as well as younger and older audiences — insiders say Korea’s oligarchic entertainment conglomerates are only becoming more conservative about the projects they greenlight. But sadly, indie filmmaking is dying out."The result: Mid-budget dramas and genre pictures have virtually vacated the field. "Commercial films are also suffering. In order to retain full visual control of the feature, Lee refused using product placement or other advertising incentives while operating on a micro budget of about $413,000."I take part in smaller projects because my participation helps budget issues,” says Cho. facts.Everything you need to know about the industry developmentKey economic and social indicatorsDomestic vs. foreign films market share in South Korea 2004-2019Industry insights and forecastsEverything you need to know about Consumer GoodsDetailed information about political and social topicsKPIs for more than 20,000 online storesAll key figures about regions and countriesOverview and forecasts on trending topicsAs a Premium user you get access to the detailed source references and background information about this statistic.Available to download in PNG, PDF, XLS formatKey company figures at a glanceCustomized Research & Analysis projects:
The term "Cinema of Korea" (or "Korean cinema") encompasses the motion picture industries of North and South Korea. While both countries have relatively robust film industries today, only South Korean films have achieved wide international acclaim. In 2006, it hit 64 per cent. FluentU is the perfect way for Korean movie buffs to learn the language.
If films don’t have a big debut, they get pulled immediately, and then cinemas will allot more screens to the bigger blockbusters,” says a staff member at a major multiplex who asked not to be named.Jung also plays the lead role in the mystery romance, which cost less than $4 million, a medium-sized project with a break-even point of roughly 3 million admissions.Much like Robert Simonds’ STX Entertainment stateside, Jung believes mid-budget features offer both creative value and a market opportunity.