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Korea's Film Market World's 9th Largest

2006/07/27 | 116 views | Permalink | Source

A state film council said Thursday that Korea is the world's ninth-largest film market. In addition, its market share of domestic films is the fifth-biggest in the world.

According to the Korea Film Council, Korea ranked ninth in the world both in the size of its movie market and box office revenue, after the United States, Japan, Britain, France, Germany, Spain, Italy and Australia.

In terms of the market share of domestically produced films, Korea is the fifth largest after the United States, India, Japan and France.

U.S.-made films hold a market share of less than 50 percent only in three countries: India, Korea and France. In Australia and Britain, U.S. films accounted for over 70 percent of the film market.

Reported by KBS WORLD Radio

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