Korean Q1 ticket sales down 9.4%

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SEOUL -- South Korea’s boxoffice slump continued through the first quarter of 2008, with total receipts down 9.4% from the same period last year.

According to a report by CJ CGV, the largest multiplex chain in Korea, theatrical admissions from January to March totaled 35.8 million, the lowest level since 2005.

Domestic movies accounted for 56.1% of the boxoffice, down slightly from last year’s 56.5%.

Korea’s strongest first quarter ever was 2006, with 45 million admissions and local movies accounting for 76.2% of the boxoffice.

The top film so far in 2008 is the Showbox thriller “The Chaser,” with 4.8 million admissions. Warner Bros recently picked up remake rights to “The Chaser” for $1 million.

No. 2 was Sidus FNH’s “Forever the Moment,” with 4.1 million admissions.

The top foreign film was “Jumper” with 1.7 million admissions, followed by “Bee Movie,” with 1.3 million admissions.
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