Magazine article Screen International

Korean Film Exports Up 8.4% in 2012

Magazine article Screen International

Korean Film Exports Up 8.4% in 2012

Article excerpt

Korean film exports went up 8.4% to a total of $37.8m last year, according to the Korean Film Council (KOFIC).

Completed films sold for $29.1m, up 27.5% year-on-year. This marks the first time since 2008 that completed film exports went over the $20m mark.

The total number of films that did export deals last year was 331, slightly down from 366 the year before. The average price for a film last year was $42,811, up 5.8% year-on-year.

As for film sales territories, Asia accounted for 71.6% of exports or $14.4m, up 60% year-on-year. Although Asia has always been a major export region for Korean films, last year was particularly so with star vehicles such as The Thieves, Code Name: Jackal and I Am The King.

North America and Europe switched places as the second and third top export territories last year for Korea. North America accounted for 14.2% of total exports with $2.87m, a total which is up 71. …

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