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Korea Box Office in 2023 Finishes 44% Below Pre-Pandemic Levels

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Patrick Frater Asia Bureau Chief A strong December for local films helped make up for an otherwise miserable 2023 at the South Korean box office – previously the fifth largest cinema territory worldwide.

And while theatrical markets in other major territories have recovered to reach at or near pre-pandemic levels, Korea finished 44% below 2019.

Data from the Korean Film Council’s Kobis tracking service showed annual gross revenues of KRW1.261 trillion ($964 million at Jan 2024 rates of exchange) in 2023.

That represented a gain of 9% on 2022, but it was far below the KRW1.91 trillion ($1.46 billion) recorded in 2019, the last pre-COVID year.

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