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Korean Film Export Results from the first half of 2004

2004/08/02 Source

As can be witnessed from the Korean film export results of the first half of 2004, exports are in the ascension, continuing on from 2003. According to the Korean Film Council(KOFIC)'s accumulated statistics based on data from international sales companies, 111 Korean films were exported to 39 countries worldwide, totalling US$ 32,520,150 in contract prices. This signifies that this year's results surpass that of 2003, not only the first half statistics which were US$ 14,916,000 but also the amount for the whole of 2003, which was US$ 30,979,000. The average export price per film has increased steadily as well.

Along with Korean films expanding the international market in these years, Korean films are also drawing more interest from the general populace, thus gaining success in foreign theatres; two major films Old Boy (directed by PARK Chan-wook) and Woman is the Future of Man (directed by HONG Sang-soo) were selected for the competition section at the 57th Cannes Film Festival; and Old Boy's winning the Grand Prix of the festival attracted higher appraisals and made the increased results possible for this year.

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