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WSJ: Korean Film Booms Despite Lower Screen Qta.

2006/12/28 Source

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The Wall Street Journal says the South Korean film industry boomed this year despite fears over a decrease in the screen quota.

The South Korean government decided in July to ease a regulation on how much screen time was devoted to domestic movies from one-hundred-47 days to 73 days a year.

The daily said that, although domestic filmmakers and actors feared Hollywood would crowd them out, a record one-hundred-ten Korean movies screened this year, up from 87 last year.

According to the Korean Film Council, one hundred domestic movies hit the screens from January to November, driving an increase in their market share to 70 percent from 59 percent last year.

The U.S. business daily added that, among top ten box-office hits this year, seven were local productions including the horror flick "The Host", which sold over 13 million tickets since its July release.

Reported by KBS WORLD Radio

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