Korean Films Lose Momentum
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Korean films seem to have lost some of their momentum when it comes to their popularity and profitability.
A report by the Korea Chamber of Commerce and Industry shows that the market share of Korean films fell 23 percentage points in the first 10 months of last year compared to two years before. The business association explained this drop by pointing to a relaxation of the national screen quota system that protects the domestic movie industry. The chamber also cited piracy and inefficiencies in the industry.
And in 2007 returns on investments in the film industry marked minus-40 percent while film exports dropped to 13-and-a-half million dollars that year from 30 million in 2005. The business association recommended six ways to improve the industry including building a production infrastructure like that of Hollywood and strengthening piracy monitoring.
Video by following the link below
A report by the Korea Chamber of Commerce and Industry shows that the market share of Korean films fell 23 percentage points in the first 10 months of last year compared to two years before. The business association explained this drop by pointing to a relaxation of the national screen quota system that protects the domestic movie industry. The chamber also cited piracy and inefficiencies in the industry.
And in 2007 returns on investments in the film industry marked minus-40 percent while film exports dropped to 13-and-a-half million dollars that year from 30 million in 2005. The business association recommended six ways to improve the industry including building a production infrastructure like that of Hollywood and strengthening piracy monitoring.
Video by following the link below
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