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Local Movies Account for over 50% of Domestic Market

2004/01/26 | Permalink | Source

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Times are also changing in the local film industry. Korean screen productions have been gaining immense recognition in recent years amid increased investments in the domestic film industry and efforts to create unique plotlines that appeal to the local audience.
Recent findings released by the Korean Film Commission show that movies made in the country accounted for 53.2 percent of the Korean film market last year in terms of popularity.

Since the year 2000, local flicks have been noting an improvement in their market share on the back of rave reviews from critics. Growing preference for Korean works on the silver screen pushed the percentage to 50.1 percent in 2001 before the figure marked a slight decline to 48.3 percent in 2002.

Industry experts predict the latest upswing will continue this year given the public's current favor for domestic plots over foreign productions including those from Hollywood.

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