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SOUTH KOREAN FILM INDUSTRY & TOP BEST KOREAN FILMS

One salient feature in the last decade has been the increasing success of Korean films on the screens, where they have proved capable of attracting new spectators - a phenomenon similar to that particular witnessed in a few European countries, according to what emerged during MEDIA Salles' Focus on Europe event at Cinema Expo International 2002, in Amsterdam.

Considering each one of these points, the following two reflections on the Korean film industry, especially from the 90s around the present, might be wanted to European movie concerns.

Increasing market share of Korean movies

From 15.9% to 45.2% within 9 years, the Korean film market share increased..Until 1993, the Korean movie had a really small market share, due to its inferior, because of the limited budget for production and the lack of a well-developed system set alongside the mighty Hollywood majors, which have been present on the Korean market since 1988. Accordingly, the marketplace share of Korean movies have been steadily decreasing for the aforementioned mentioned period, finally dropping to 15% and threatening its very existence 롤강의.

However, in 1999 the film Shiri brought a confident turning. It absolutely was the initial Korean blockbuster movie, recording around 5 million spectators: it catapulted to the the surface of the South Korean box office and ended up toppling the record previously held by Titanic. This exceptional event was enough to initiate large-scale fund-raising and the creation of a creation system by SEG (Samsung Entertainment Group). Shiri's success, representing the chance for the marketplace share to soar to 39.7%, inspired many Korean film-makers and convinced them that Korean productions might be successful if they were predicated on a good financial support and a selected, quality background.

Subsequently other Korean movies, like Joint Security Area and Friend were of great impact in the Korean film market, so that in 2002 the marketplace share settled at 45.2% in terms of admissions and at a greater 46.7% in terms of box office. It ought to be remembered that, at the conclusion of the nineties, the amount of foreign movies released in Korea was six times higher than for domestic movies.

Independent of the development of the Korean movie alone, the spread of multiplexes, mainly belonging to the Orion Group and CJ, and the legislation on the "five-day working week" have tempted the Korean people to see theatres more during their longer weekends. As a result the Korean film market has continued to expand by 17% to 18% every year and total audiences in 2002 amounted to over 100 million.

In addition, major distributors of Hollywood movies, such as for example Warner Brothers, MGM, and Dreamworks began to obtain the copyright for remakes of several movies that were big hits on the Korean market. Fox, Walt Disney and other direct-distribution companies also began to take Korean movies on board their global distribution runs. Most recently, Columbia signed a contract on world distribution and investment with an area production company 롤강의.

Large Korean enterprises join the race for film business

In the turmoil of the national crisis and IMF aid, the majority of the funding for the film industry seemed to come quickly to a halt because the major sponsoring companies became involved in corporate restructuring and attempted to complete away with unnecessary expenses and investments. Nevertheless, not just small and medium funding but also financial capital could replace the void as a result of some Korean movie successes and the theatre franchising system for securing stable profits.

While the film industry recovered from the monetary crisis thanks to this massive funding and to the constant production of quality movies, the specific situation was reversed. Competition on this market has become fiercer everyday and the major Korean enterprises with nationwide multiplex chains, represented by the Orion Group, CJ and Lotte, strive to strengthen their market leadership in terms of production and distribution, in addition to exhibition. Another dark horse in the marketplace, Cinema Service, has made the production and distribution of Korean movies its top priority and is now beginning to open its own theatres. Significantly, it is already known that this business has concluded a merger deal with its foremost competitor, CJ, and the Orion Group and Lotte are likely to launch survival strategies that may lead the marketplace into the 2nd round.

TOP 10 BEST KOREAN FILMS

MUSA

Musa (Musa), released as The Warrior in English-speaking countries, is just a 2001 South Korean epic film directed by Kim Seong-soo, starring Jung Woo-sung, Ahn Sung-ki, Ju Jin-mo and Chinese actress Zhang Ziyi.

The setting is China, 1375. After ousting the Mongols, the Ming now face a rapidly deteriorating relationship with the Korean nation. When a diplomatic envoy from Korea arrives in China, the Ming troops arrest the innocent visitors as spies, exiling them to a remote desert. As fate might have it, the Koryo warriors escape their captors, but soon learn that freedom isn't without its problems. Having failed inside their mission, the Koreans find themselves at a crossroads. To go back home to Korea as failures would have been a shame none of them could bear, yet to stay in China would have been a move that could effectively sign their particular death warrants.

However, fortune smiles upon the disaffected heroes in the proper execution of a captured Ming princess, the stunningly attractive Buyong (Zhang Ziyi). The Koryo troops know that freeing the lovely maiden from the Mongols wouldn't only reconcile them in the eyes of the Ming, but it could be their only ticket home. So the little band of soldiers attempt a daring raid to save the haughty princess and return her safely to Nanjing.They have to manage numerous problems on the way.롤강의