Korea’s recent coronavirus resurgence has already taken a toll on the box office over the past two weekends, and exhibitors are now feeling a further pinch. According to the Yonhap news agency, Lotte Cultureworks, which includes multiplex chain Lotte Cinema, said it will offer voluntary retirement to employees who have been with the company for
Korea
In an effort to rein in resurgent coronavirus cases in Seoul, Korean authorities last week tightened restrictions on public gatherings. This dealt a blow to the local box office which has seen strong performances over the past several weeks with titles like Peninsula and Deliver Us From Evil. But the Top 5 films in the
Korea, the world’s fifth largest box office market, is re-opening a portion of its major cinemas this week after a soft-ish shutdown last month. One of the first new titles in the mix will be Universal/DreamWorks Animation’s Trolls World Tour which will play exclusively at the Megabox circuit, the market’s 3rd largest. The animated sequel
Support measures for exhibitors in Korea were unveiled this week which include seeing them exempted from paying into the national movie development fund, as one of the world’s biggest markets suffers cinema closures and all-time box office lows amid the coronavirus crisis. Deputy Prime Minister and Finance Minister Hong Nam-ki announced the moves on Wednesday,