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Korean Film Industry to Join Hands to Overcome Slump

2007/07/26 | Permalink | Source

The Korean Film Producers Association and some nine other film industry organizations vowed to cooperate with each other Thursday to overcome the ongoing slump in the domestic movie industry.

The groups agreed the film industry is facing this crisis because the recent boom in Korean pop culture has made them complacent, and that the industry is heavily reliant on only a handful of stars. The organizations pledged to go back to the basics and try to turn the crisis into a new opportunity.

The announcement came as the domestic film industry strives to overcome sluggish ticket sales and dwindling profits.

Reported by KBS WORLD Radio

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