In 2023, the movie industry's sales revenue in South Korea amounted to approximately 1.3 trillion South Korean won. That year, movie production in South Korea resulted in a total of 787 released movies.
The success of Parasite
The South Korean movie industry is regaining attention from audiences all around the world. In the beginning of 2020, the movie "Parasite" by Bong Joon-ho won four Academy Awards, including Best Picture. "Parasite" was the first non-English movie to win the Academy Award for Best Picture. The movie was especially successful in Japan, France, and the United Kingdom.
Hallyu
The term hallyu, literally meaning the Korean wave, refers to the popularity and success of South Korean culture around the world. While the current focus is mostly on K-pop and Korean dramas, the movie industry has been an integral part of the movement from early on. According to a government survey conducted in 2022, around 39 percent of respondents stated that they perceived South Korean movies to be “very popular” in their country.
Sales revenue of the film industry in South Korea from 2014 to 2023
(in trillion South Korean won)
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KOFIC. (February 20, 2024). Sales revenue of the film industry in South Korea from 2014 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/831717/south-korea-film-industry-sales-revenue/
KOFIC. "Sales revenue of the film industry in South Korea from 2014 to 2023 (in trillion South Korean won)." Chart. February 20, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/831717/south-korea-film-industry-sales-revenue/
KOFIC. (2024). Sales revenue of the film industry in South Korea from 2014 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/831717/south-korea-film-industry-sales-revenue/
KOFIC. "Sales Revenue of The Film Industry in South Korea from 2014 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 20 Feb 2024, https://www.statista.com/statistics/831717/south-korea-film-industry-sales-revenue/
KOFIC, Sales revenue of the film industry in South Korea from 2014 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/831717/south-korea-film-industry-sales-revenue/ (last visited October 31, 2024)
Sales revenue of the film industry in South Korea from 2014 to 2023 (in trillion South Korean won) [Graph], KOFIC, February 20, 2024. [Online]. Available: https://www.statista.com/statistics/831717/south-korea-film-industry-sales-revenue/