Magazine article Screen International

Korean Producers Criticise Market Monopoly

Magazine article Screen International

Korean Producers Criticise Market Monopoly

Article excerpt

The producers of some of Korea's biggest ever blockbusters voiced concerns about vertical integration and monopolisation of the local cinema industry at a Busan seminar today.

The Asian Film Market session, 'Producing Blockbusters in Korea', brought together eight producers out of the ten who have made films that broke the 10 million admissions barrier over the past 12 years.

Won Dongyeon, producer of Lee Byung-hun starrer Masquerade, observed that Korea has 2,200 screens of which more than 1,000 are owned by just two conglomerates: CJ CGV and Lotte Entertainment. "We don't have any system to control the monopoly. But even if we could control it, we wouldn't see any benefit for independent movies," Won said. "So we need more discussion about how to support independent films."

The Host producer Choi Yong-bae warned that the monopoly situation is resulting in a lack of creativity: "Investment, distribution and screening are all operated by conglomerates. They are abusing their rights and position, so adventurous or experimental films cannot be made." Choi called on the industry to work together and change the system, so fresh material and more creative projects could be produced.

Won also said that standard contracts need to be established to protect filmmakers and technicians. "Investors and producers need to see the importance of this system. If that is possible, we can protect the weaker parties so they can a stronger working environment," Won said.

Haeundae director-producer Youn JK agreed with Won that creatives are not being protected, and added that revenues from big films are not being fairly distributed. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.