Korean Exhibitors Feeling Pinch From New COVID Spike As Authorities Attempt To Stave Off Closures
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deadline.comNancy Tartaglione International Box Office Editor/Senior ContributorKorea’s recent coronavirus resurgence has already taken a toll on the box office over the past two weekends, and exhibitors are now feeling a further pinch.
According to the Yonhap news agency, Lotte Cultureworks, which includes multiplex chain Lotte Cinema, said it will offer voluntary retirement to employees who have been with the company for at least five years.
This follows a similar move by CGV which offered an early retirement deal in March. The company has also opted to close its cinema at Incheon International Airport indefinitely, beginning tomorrow.Korea had been a beacon of light in July and early August with such local hits as #Alive, Peninsula and Deliver Us.
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