One of the intriguing (or disturbing) signs about where Korean movies are headed is the near absence of press previews this month. For instance, except for a screening of Yoo Ji-tae's short titled "Out of My Intention" on Tuesday, there's nothing going on this week. No screenings yet either next week.
The declining number of domestic film releases is in sharp contrast to the surging demand for foreign films. According to the Korean Film Council, the Korean cinema imported 404 films from abroad in 2007, up from 289 in 2006 and 253 in 2005.
The rating agency handled as many as 72 foreign films in the first two months of this year, up 36.8 percent from the same period last year. The momentum comes not only from the major Hollywood distributors but also from small film importers, encouraged chiefly by the unexpectedly respectable box-office success of "Once" and "Lust, Caution".
The foreign movie boom is setting off alarms in the domestic film industry, which is already finding it...|
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