#cultural-exports

#cultural-exports

Admissions for Korean and international films have fallen 45% since 2019, from about 226 million to 123 million, while box office revenue has dropped from $1.3bn to $812m. With investment slowing sharply, Korean distributors that once released more than 40 locally produced films a year are expected to put out about only 20 in 2025, and warn that 2026 could be even more serious as the pandemic-era backlog runs out and new productions are not coming fast enough.