October 23, 2021

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Korea Box Office: Lack of New Releases Disappointing Theatrical Recovery

2 min read

“No Time to Die” holds its place at the top of the South Korean box office over the second weekend. But, with no significant new releases against the James Bond title, it was an empty victory.

Universal-released “No Time to Die” grossed 1. 1.83 million in the second weekend of its release in Korea, according to Kobis, a Korean film council-backed tracking service. It paid a total of 0 8.01 million after 12 days in theaters.

The score dropped 44% compared to the film’s opening weekend. And it accounted for 49% of the total box office nationwide.

But the lack of new releases and the predictable deterioration of Bond’s performance means that going to the movies in Korea has revived its recent weakness. Korean theaters enjoyed revenue of just 73 3.73 million between Friday and Sunday, down from 5. 5.22 million the previous weekend that was collected with the arrival of “No Time to Die.”

Most parts of Korea are on high virus alert and theaters are suffering from power constraints and social distance measures. But there is a lack of enthusiasm for commercial theater with the apparent enthusiasm of the individual-audience participating in the ongoing Busan International Film Festival.

The latest ranking chart newcomer in recent weekend was the re-release of the US space mission “Gravity” which managed $ 62,000 from 155 screens, in three days. It was good enough for ninth place on the chart.

Intermediate spaces have now moved to the familiar lineup: “On the Line” with 723,000 (for 10 10.5 million since its September 15 release); “Miracle” with $ 344,000 “Crayon Shin-chan: Crash! Scribble Kingdom and about four kingdoms “$ 106,000 (for 15 1.36 million from September 15);” Legend of Shang-chi and the Ten Rings “with 10 103,000 (for 14 14.7 million since its September 1 release);” Belle: The Dragon and the Freckled Princess with $ 102,000, “Pokemon The Movie: Secrets of the Jungle” for $ 72,800 (15 1.49 million from September 15);

“Mogadishu” Korea seems to have no obvious advantage in being selected as an international Oscar contestant. Its weekend performance is down 22% from the previous weekend.

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