News: Record Sales & Slim Profits for Korean Film Industry in 2014

By Pierce Conran

South Korea's film industry topped the two trillion won mark for the first time in 2014, reaching 2.03 trillion won (USD 1.84 billion), which was a 7.6% improvement over the previous year. Growth was recorded overall in exhibition sales, the digital online market and overseas sales, yet within those figures Korean admissions, online streaming sales and film exports were all down. Worryingly, despite some record-breaking local hits, the return on investment rate for Korean films almost fell into negative figures.

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