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South Korea Box Office

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The Flash (D-3)                                     68,934

 

Elemental (D-3)                                    31,911

Spider-Verse 2 (D-10)                         16,075

 

 

At (D-10) GotG3 was at 28,102

                 The Flash was 26,908

                 Elemental was 15,556

 

 

Edited by GOGODanca
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2023 Korean Box Office Summer Tentpole Films 

1. Smugglers (밀수)
 l4cfmMT.jpg

*Date: July 26th 
*Budget: 13M USD (17.6B KRW)
*Break Even point (In Admissions: 4M)
*Analysis: Set in the 1970s, the story revolves around a crime of a haenyeo who gets caught up in smuggling against the background of a peaceful small sea village. After the failure of his film The battleship Island in 2017, Director Rye Seung wan returned with the critically acclaimed film Escape from Mogadishu in 2021. There's a lot of interest centered on how the two top female leads Kim Hey su and Yeom Jung ah will perform together. 
 
2. The Moon (더문)
a1xysY2.jpg


*Date: August 2nd
*Budget: 22M USD (28.6B KRW)
*Break Even point (In Admissions: 6M)
*Analysis: Kim Yong-hwa, the director of the Along with the gods series the only sequential films that have both achieved 10M admissions in Korea, returns with a space Sci-fi Film titled the Moon. There's a lot of concerns surrounding this movie as space-themed Sci-fi movies have not done so well recently (Space Sweepers, The Silent Sea, Jung_E to name a few), and director Kim is sometimes known to overdramatize his films which may not be the best compatible factor for a sci-fi movie. Korean movies aren't known for good visual effects, but Dexter Studios, which collaborated on the film Mr. Go worked on this film so it'll be interesting to see how well they manage to pull that off. 

3. Concrete Utopia (콘크리트 유토피아)
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*Date: August (TBD)
*Budget: ~15M USD (~20B KRW)
*Break Even point (In Admissions: 3.5~4M)
*Analysis: Concrete Utopia is Lotte Entertainments first foray into an attempted Apocalypse Universe franchise. If it's successful, Lotte seeks to continue to create films that share the same apocalyptic universe. The film itself is based on a Korean webtoon called Happy Boy (유쾌한 왕따) and depicts survivors gathering together in the only apartment that remains standing after a devastating earthquake in Seoul. There are already IP's lined up should this film prove to be successful and so a lot of people are hoping that this one will be a big success. Climax studio, which created the acclaimed Netflix Series <DP> and <Hellbound> worked on this movie and The director's previous film <Vanishing Time: A boy who returned> Was also critically acclaimed so there is reasons to be optimistic 

4. Unofficial Operation (비공식작전)

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*Date: August (TBD)
*Budget: ~25M USD (~30B KRW)
*Break Even point (In Admissions: ~6M)
*Analysis: Unofficial Operation is an action thriller film that follows a Korean diplomat who travels to Lebanon to locate his missing colleague and while he's there he teams up with taxi driver Pansu who helps him in his mission. From the synopsis the film has a very <Escape from Mogadishu> or <A Taxi Driver> feel to it. And with Kim Sung-hoon, the director of hugely successful films and TV series such as <A Hard Day>, <Tunnel> and Netflix's <Kingdom> many people are very anticipatory of this film. 

 

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The Korean film industry as a whole is in a bit of a crisis moment. Business has been severely down since covid and it's never fully recovered even though social restrictions have been lifted for a year at this point. And so the entire movie industry is facing a lot of scrutiny as a result. Which is why on the one hand I wouldn't be surprised if they decided to try to inflate their numbers. On the other hand, the numbers that have been reported to date have been pretty dire so it makes you wonder how much lower the actual numbers were (if they really did artificially inflate numbers).

Pre-pandemic going to the movie theater was a staple activity for a lot of Koreans. But with new streaming platforms exploding in popularity during the lockdowns, many people are saying that the average moviegoer's taste and preferences have shifted a lot to watching movies that "need to be seen on the big screen". A category which many Korean movies are not seen to fall into. The rapid increase in ticket price could be another factor that is turning people away from casual movie watching

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I am just wondering how much inflation they did for the movies. It will really be troubling if Imported Films numbers are being Inflated

 

「The police are conducting a search and seizure of a total of six locations, including three multiplex companies and movie distributors suspected of manipulating box office rankings.

 

 The Seoul Metropolitan Police Agency's Anti-Corruption Public Crime Investigation Unit announced on the morning of the 13th that it has been seizing and searching the headquarters of three distributors, including one each of the three multiplex companies (CGV, Megabox, and Lotte Cinema) and Showbox.

 

 They are accused of interfering with the work of the Korean Film Council, such as manipulating box office rankings by falsely counting the number of viewers.

 

 The movies suspected of fabrication include the movie “Emergency Declaration,” which was released last year. At the time, the emergency declaration was embroiled in controversy over manipulation of the reservation rate as all seats were sold out during late-night hours at some Megabox theaters.

 

https://naver.me/5jjyCLHf

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If they did inflate numbers it will be for Korean movies only most likely. Korean film industry insiders have this weird thing where they feel the necessity for Korean films to perform better than foreign imports. And with Korean films doing so terribly over the past few years, I don't think there's any motivation to artificially inflate BO numbers for foreign films. 

Sad thing is they probably could have achieved more business if they decreased the ticket price a little or had more discount events. A lot of people nowadays just prefer to watch netflix with friends at home rather than going out to watch overpriced average films in the theater.

 

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2 hours ago, Fish&amp;chips said:

If they did inflate numbers it will be for Korean movies only most likely. Korean film industry insiders have this weird thing where they feel the necessity for Korean films to perform better than foreign imports. And with Korean films doing so terribly over the past few years, I don't think there's any motivation to artificially inflate BO numbers for foreign films. 


Sad thing is they probably could have achieved more business if they decreased the ticket price a little or had more discount events. A lot of people nowadays just prefer to watch netflix with friends at home rather than going out to watch overpriced average films in the theater.

 

 

not so surprised because Chinese industry is the same.

 

Asian countries have no fear of failure, being poor, suffering but losing to others. 

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Yeah it seems like the BO manipulation took the form of selling out shows for those films during post-midnight hours, which the distributors are saying they did as a test run for future midnight showing events. Which is total bull but knowing how the law works in Korea they'll probably get away with it with a fine or something. Bias from the Korean film industry towards Korean titles is nothing new, they just took it to the next level. If foreign releases weren't so popular with the general public the imbalance would be much greater. 

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2 minutes ago, JpTransformers said:

do we already have the final pre-sale numbers for flash?

give it 2 more hours but looks like its gonna finish ~40% of guardians 3 presales, even less than fast x and transformers (although that opened on holiday)

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