Latest report from KOFIC for the first half of 2014 also outlines the best first half year on record for foreign films.
In South Korea, foreign films had their best first half year on record with 54.97m admissions, up 28% from the same period in 2013, according to a new report from the Korean Film Council (KOFIC).
Foreign films took 57% market share while local films took 43% with 41.54 million admissions - down 25.2% year-on-year.
Hollywood hits like Disney animation Frozen, which went over the landmark 10m admissions record in Korea, as well as Edge Of Tomorrow, The Amazing Spider-Man 2 and X-Men: Days of Future Past boosted foreign film performance in the first half of this year. (See Top 10 list below.)
This period saw 497 releases, up 103 films (26.1%) year-on-year. Local films had 94 releases, up 25 films (36.2%) year-on-year. 78 more foreign films were released in this year’s first half than last year’s, making the total 403, a 24% increase.
Admissions down but net sales up
Total admissions went down to 9.65m (compared to 9.85m in 2013’s first six months) while box office gross went up $17.38m (KW17.6bn) to $732.99m (KW741.8bn).
KOFIC attributes this to 3D and 4D ticket sales which jumped $18.66m to $57.68m year-on-year, as well as a rise in ticket prices. In 2013, the average ticket cost KW7,351 ($7.26) while in 2014 it costs KW7,687 ($7.59).
In this first half year, local films took KW310.3bn ($306.5m), down KW89.1bn ($88m) year-on-year. Foreign films took KW431.5bn ($426.2m), up KW106.7bn ($105.4m) year-on-year.
Leading with 21.9% of total admissions in the first half year, Sony Pictures Releasing Walt Disney Studios Korea distributed 12 films including Frozen, The Amazing Spider-Man 2 and Captain America: The Winter Soldier.
In second place, CJ E&M took 21.8% of total admissions with 18 films including local comedy Miss Granny and Cannes title The Target, as well as Transformers: Age Of Extinction.
Next Entertainment World (N.E.W.) followed with 12.5% of admissions, distributing 11 films including Song Kang-ho-starrer The Attorney and Liam Neeson thriller Non-Stop.
Lotte Entertainment distributed 20 films including historical drama The Fatal Encounter and took 11.7% while Warner Brothers Korea took 7.4% with six films including Edge Of Tomorrow and 300: Rise Of An Empire.
Box office top 10 in first half of 2014
1. Frozen (US) Sony Pictures Releasing Walt Disney Studios Korea: KW82.3bn, 10.28m
2. Miss Granny (Korea) CJ E&M: KW62.5bn, 8.63m
3. The Attorney (Korea) Next Entertainment World (N.E.W.): KW41.9bn, 5.69m
4. Edge Of Tomorrow (US) Warner Brothers Korea: KW36.3bn, 4.39m
5. The Amazing Spider-Man 2 (US) Sony Pictures Releasing Walt Disney Studios Korea: KW34.8bn, 4.17m
6. X-Men: Days of Future Past (US) 20th Century Fox Korea: KW34.6bn, 4.39m
7. Captain America: The Winter Soldier (US) Sony Pictures Releasing Walt Disney Studios Korea: KW31.7bn, 3.96m
8. The Fatal Encounter (Korea) Lotte Entertainment: KW29.9bn, 3.85m
9. A Hard Day (Korea) Showbox/Mediaplex: KW24.5bn, 3.13m
10. The Target (Korea) CJ E&M: KW22.3bn, 2.84m