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Megabox, Lotte Cultureworks announce plans to invest in revitalizing Korea's film industry

Megabox JoongAng and Lotte Cultureworks plan to make significant investments aimed at revitalizing Korea’s struggling film industry, the two theater chains announced on Tuesday.

2025.7.22

A moveigoer buys tickets at kiosks set up at a large cinema in downtown Seoul on March 19. [NEWS1]

FTC reviewing merger of Korea's 2nd, 3rd largest cinema operators

Korea's antitrust regulator said Thursday it is reviewing the planned merger between the country's second- and third-largest theater chains, Megabox and Lotte Cinema, potentially creating the largest cinema chain in the country.

2025.7.10

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Film Industry Solidarity, a filmmaker advocacy group, holds a press conference in Jongno District, central Seoul on July 4. [FILM INDUSTRY SOLIDARITY]

High ticket prices are hurting Korean movie industry, says filmmaker advocacy group

Korean filmmakers urged theater giant CGV to take measures to address high ticket prices at local cinemas as the company holds its "Culture Week" event.

2024.8.27

Moviegoers visit a cinema in downtown Seoul on July 2. [YONHAP]

Movie chains eat dirt from pricey tickets and box office bombs

Korea’s multiplex chains are faltering as moviegoers turn their back on cinemas amid high ticket prices and the absence of tolerable low-budget films. The rise of streaming platforms during the pandemic is also playing a role.

2023.7.17

From left, actors Lee Byung-hun, Park Bo-young and Park Seo-jun pose for a photo during the press conference for ″Concrete Utopia″ at Lotte Cinema Konkuk University branch in Gwangjin District, eastern Seoul on Wednesday. [YONHAP]

'Concrete Utopia' shines light on post-disaster responses

The upcoming film “Concrete Utopia” is not just another disaster movie but a “human black comedy” exploring how people connect with each other and survive after a disaster. “Concrete Utopia” is about a group of survivors who gather at...

2023.6.21

A fire broke out at a cinema building at Bupyeong District, Incheon, on Monday. [NEWS1]

Fire breaks out at Lotte Cinema in Incheon

A fire broke out a Lotte Cinema building at Bupyeong District, Incheon, on Monday.

2023.4.3

Main posters for ″Rebound″ (2023), ″Killing Romance″ (2023) and ″Dream″ (2023) [BARUNSON E&A, LOTTE ENTERTAINMENT, PLUS M ENTERTAINMENT]

CGV, Lotte Cinema, MegaBox launch program to support domestic films

The three largest multiplex cinemas in Korea — CGV, Lotte Cinema and MegaBox — are launching a program to support domestic films with the aim of revitalizing the Korean film industry. CGV, Lotte Cinema and MegaBox plan to pay release subsidies to...

2023.3.16

Lotte Department Store’s branch in Jung District, central Seoul. [LOTTE SHOPPING]

Lotte Shopping sinks into red with net loss of 95.1 billion won in Q3

Lotte Shopping logged a significant net loss of 95.1 billion won ($67.1 million) in the third quarter, a major miss of the market expectations for a 56.6 billion won net profit complied by FnGuide.

2022.11.4

People are seen at a movie theater in Seoul on Sept. 12. [YONHAP]

Korean movie theater sales returning to pre-pandemic levels

The number of moviegoers has almost returned to pre-pandemic levels, led by the growth of VIP sales tickets. At Lotte Cinema, totals in June were 94 percent of those in Jan. 2019, according to ...

2022.9.20

Lotte Cinema located in Mapo District, western Seoul, operates without a ticket clerk. [JEONG JIN-HO]

Now playing: Usherless theaters as workers vanish

At some cinemas in Korea, movie theaters are playing the latest hits, but ushers are nowhere to be found. "There was no one to check my ticket when I went into the theater and took a seat," said a customer who visited a theater in Songpa ...

2022.7.3