All articles by Darcy Paquet – Page 10

  • News

    Korean investors swarm to country's first film IPO


    South Korean major CJ Entertainment celebrated a triumphant IPO on Korea's over-the-counter KOSDAQ exchange on Feb 5, seeing its share price double in value during the day.CJ Entertainment is the first of Korea's film companies to hold an initial public offering. It floated a 30% stake worth $34m (Won ...

  • News

    Korea's Showbox seals strategic alliance


    Recently-established Korean distribution company Showbox (see Screendaily, January 30) has announced a strategic tie-up with KM Culture, IM Pictures and Korea's largest studio Cinema Service. Under the agreement, KM Culture will take the lead in the network's production operations, with financing divided between the four companies and distribution handled ...

  • News

    Korean industry supports screen quota system


    Leading figures from the Korean film industry have united in a show of support for the nation's screen quota system, after reports suggesting that the government is planning to weaken the quota's restrictions on movie theatres. The issue has gained added prominence as South Korea and the US are ...

  • News

    New entrant swells Korea's distribution sector


    In what is rapidly becoming a crowded market, the South Korean distribution sector is to receive another player in Showbox, a subsidiary of local exhibition company Mediaplex.Showbox, still in initial stages of development, is reportedly in negotiation with investment company KM Culture in a deal that could push the number ...

  • News

    A-Line launches South Korean distribution network


    A major new player has arrived in the South Korean film industry in the form of a new investment/production/distribution network named A-Line, to be run collectively by KTB Entertainment, Samsung Venture Investment Corporation, Kang JeGyu Films and the recently-established EGG Films. More a broad partnership than a distinct corporate ...

  • News

    Korea celebrates unprecedented domestic successes


    With all of the five highest grossing films of the year being local productions and the top title, Friend (pictured), taking the all-time box office crown, Korean cinema achieved an unprecedented 46.1% market share for Seoul last year, and an estimated 49.1% for the country as a whole.According to year-end ...

  • News

    CJ Ent wins Korea's film industry flotation race


    South Korean major CJ Entertainment will become the territory's first film company to go public with an initial public offering on Korea's KOSDAQ exchange on February 5. The company plans to float 30% of its stock, hoping to raise a minimum of $31m.A founding shareholder of DreamWorks SKG and one ...

  • News

    Lord Of The Rings' $6m in six days in S Korea


    Worldwide smash The Lord Of The Rings has scored an impressive opening in South Korea, where it has drawn $6m and over a million viewers in its first six days. Distributed by local major Cinema Service, the film opened on January 1 on 184 screens nationwide, earning $1.44m on ...

  • News

    CJ becomes Korea's first international distributor


    South Korean major CJ Entertainment will become the first Korean company to distribute directly into international territories when it releases the political drama Joint Security Area (pictured) in Hong Kong on January 3, 2002. The film will be the first in a series of planned overseas releases in Hong ...

  • News

    Korea's Cinema Service launches distribution arm


    Korean major Cinema Service has launched a new subsidiary, Big Blue Film, that will focus on the distribution of local features. The company will be headed by Choi Yong-bae, former head of distribution at Cinema Service, and will aspire to a slate of ten films per year.Ownership of Big ...

  • News

    Hana Bank launches Korea's first film fund


    South Korea's Cinema Service is poised to tap into a new source of film financing with the launch of a public film investment fund by Hana Bank. The $7.8m Hana Cinema Trust Fund No. 1, which kicks off on Dec 3, marks the first ever involvement of the banking ...

  • News

    Hi Dharma sets new S Korean admissions record


    South Korean comedy Hi Dharma (pictured) has set a new box-office record by drawing 203,600 viewers in Seoul on its opening weekend and earning over $4m nationwide.. Filling seats to a 93% capacity, the film broke the previous 2-day Seoul record of 197,426 admissions set in 2000 by Mission: ...

  • News

    Korea's CJ sells Musa to multiple territories


    Korean giant CJ Entertainment enjoyed a profitable MIFED with strong sales of its film Musa (aka Musa The Warrior) which premiered in September at an interrupted Toronto festival.The film earned CJ its highest price ever for a German deal when it was sold to E-M-S New Media. Musa, which was ...

  • News

    Korea's CJ poised to suck up newcomer Tube


    South Korean major CJ Entertainment is poised to acquire independent outfit Tube Entertainment in a deal that looks to reshape the landscape of the Korean film industry. A formal acquisition is likely to take place by late November or early December, around the time that CJ Entertainment intends to ...

  • News

    Five Korean directors team to form EGG Films


    Five established South Korean filmmakers have grouped together to form the nation's first in-house production company. Named EGG Films, the company will tie up the services of directors Park Chan-wook (Joint Security Area), Bae Chang-ho (My Heart), Kwak Jae-yong (My Sassy Girl), Lee Young-jae (Harmonium In My Memory) and Lee ...

  • News

    Korea enjoys biggest industry boom since 1960s


    Not since the 1960s has Korean cinema enjoyed a boom that compares to this year. Four local features - Friend, My Sassy Girl, Kick The Moon and My Wife Is A Gangster - make up the top-grossing releases of the year to date. The market share for Korean films in ...

  • News

    South Korea's Pusan fest's 6th edition line-up


    The Pusan International Film Festival (PIFF) has unveiled the complete lineup for its 6th edition, to be held Nov. 9-17 in Busan, South Korea. Opening with the world premiere of Korean director Bae Chang-ho's The Last Witness, the festival will screen a total of 202 films from a record ...

  • News

    My Wife Is A Gangster breaks local Korean record


    South Korean comedy My Wife Is A Gangster opened to phenomenal returns during Korea's 5-day Chusok holiday, filling cinemas to 94% capacity for a nationwide gross of $7.6m, and setting a new record for being the first local release to reach one million admissions in 5 days. Released by Korea ...

  • News

    South Korean film minister appointed


    South Korean President Kim Dae Jung has appointed Namgung Jin to serve as his next Minister of Culture and Tourism, following the nomination of former Minister Kim Han-gill as a candidate in a local parliamentary election.Namgung, 59, worked previously as senior presidential secretary for political affairs before the President's cabinet ...

  • News

    Korean Film Commission awards production support


    The Korean Film Commission (KOFIC) has announced the recipients of its second annual production support program for art and experimental films worth a total $1.6m. The program, which dispenses $320,000 each to three art films and $160,000 each to four experimental films, was inaugurated last year in an effort ...