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Category Archives: Jumong

Jumong a bright spot in media industry gloom

13-Apr-07
The Chosun recently reported a gloomy picture of the earnings of the Korean film industry. As Jon Pais speculated over at Twitch in November last year, Even if production costs stabilized, as the number of films increases, decreased profitability is inevitable. But production costs are soaring and don't show any signs of slowing down. In the first half of 2006, blockbusters aside, 40 films couldn't even break even. This situation is only likely to worsen in 2007. The Chosun confirms that picture. In an environment where profitability is uncertain, film investors want bankable stars, which of course boosts production costs further. As is well known in the case of Beyond the Years, even an internationally acclaimed director such as Im Kwon-taek doesn't ...
Also filed in Business, Dae Jang Geum, Film, TV drama | | Comments (5) »