Admissions, revenue up in Korea

Market share of Korean films hits highest level since Sept.

SEOUL -- Theater admissions rose by 27.3% between June and July despite a rise in ticket prices at major multiplex chains in Korea, according to a report by the Korean Film Council.

The price increase has brought substantial change to the industry revenue. While the number of filmgoers in July was down 70,000 from 16.39 million admissions in January to 13.32 million this month, the total market revenue increased by 5.6 billion won ($4.6 million). Ticket sales between January and July rose by 4.5% compared to the same period last year, according to the report

Separately, the market share of Korean film in July took 51.1%, its highest performance since Chuseok (Thanksgiving) weekend in September, which was recorded at 53.4%. The council also found that Hollywood's “Transformers: Revenge of the Fallen” topped its monthly boxoffice at 7.26 million admissions.