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“I worry only old trees will remain”: President Lee vows in France to restore “K-content” ladder after meeting Lee Chang-dong, Jeon Do-yeon

“I worry only old trees will remain”: President Lee vows in France to restore “K-content” ladder after meeting Lee Chang-dong, Jeon Do-yeon

At the Lumière Summit in France, the president meets leading figures in K-content, including Netflix executives, and says he will “immediately review” Lee Chang-dong’s proposal for tax incentives to spur private investment
President Lee Jae-myung, on a state visit to France, attended the “Lumière Summit”, a global summit for the film and video industry held near Nice on July 7 local time. There, he met leading figures from South Korea’s film industry and pledged comprehensive support for the “K-content” “ecosystem.
| James choi
'Cool Japan' from K-pop boom ends in cumulative deficit of 490 billion yen—Japan set for consolidation

'Cool Japan' from K-pop boom ends in cumulative deficit of 490 billion yen—Japan set for consolidation

Investment can be recouped at only 60%... The Japanese government admits the lack of a command tower was a misstep and holds countermeasure talks
"Cool Japan" loses 54 billion yen... the bleak reality behind benchmarking Korea’s Hallyu 60.0% humiliation at the investment-recovery rate, rebuilding meeting set for end of this month An agency launched with big ambitions by Japan, designed to benchmark South Korea’s "Hallyu" and called "Cool...
| James choi
Movie Industry “Big Deal” Falls Through as Lotte Cinema and Megabox Suspend Merger Talks

Movie Industry “Big Deal” Falls Through as Lotte Cinema and Megabox Suspend Merger Talks

Financial stress at Contentree JoongAng prompts the two companies to end their MOU, with Lotte Cinema pivoting to go it alone and focus on strengthening its content capabilities
A massive project that had been expected to shake up the Korean theater industry has ultimately collapsed. In a filing on the 1st, 'Lotte Shopping' declared that it will scrap the 'merger' process between 'Lotte Cultureworks' and 'Contentree JoongAng' involving 'Lotte Cinema' and 'Megabox' in full.
| James choi
Disney+ Strikes Back Amid Netflix's Dominance... February Korean OTT Market Shaken by Variety Content

Disney+ Strikes Back Amid Netflix's Dominance... February Korean OTT Market Shaken by Variety Content

According to Wise App's survey... Netflix leads with 14.9 million MAU, followed by Coupang Play with 8.79 million Tving and Disney+ narrowing the gap... Disney+ sees a 20% surge in users due to the success of 〈War of Destiny 49〉 Disney+ dominates in new installations... Outpacing Coupang Play and Netflix to record the fastest influx
In the domestic online video service market, Netflix continues to maintain its dominant position, while Disney+ is showing a remarkable upward trend with its groundbreaking new variety shows. ◆ [Survey Results] Netflix's 14. 9 Million 'Uncontested No. 1'. . . Coupang Play's Solid No.
| Yangsimoh
'Low-Orbit Human' and 4 Other Works Named Best of the Year… Award-Winning Masterpieces Take Home 7 Million Won Each

'Low-Orbit Human' and 4 Other Works Named Best of the Year… Award-Winning Masterpieces Take Home 7 Million Won Each

Naver Webtoon series sweep all five spots; awards ceremony to be held Nov. 3 on Manhwa Day
Accomplished works offer sharp portraits of the times and open new horizons for the webtoon industry The five winners of this year's Today's Our Manhwa, one of the country's three most prestigious comic awards, have been revealed.
| James choi
Yeon Sang-ho’s ‘Lost Paradise’ sells to 118 countries, a box-office triumph on a $500 million-won budget; recoups net production costs before release

Yeon Sang-ho’s ‘Lost Paradise’ sells to 118 countries, a box-office triumph on a $500 million-won budget; recoups net production costs before release

Invited to the Hawaii International Film Festival on the 21st; opens in South Korean theaters
A new film from Yeon Sang-ho, the director who has helped drive the global rise of Korean content, has set a new milestone for the Korean film industry, selling to 118 countries worldwide before its release. According to distributor CJ ENM on the 19th, proceeds from overseas sales alone have...
| James choi
‘Musk’ Documentary Suddenly Blocked From Advertising on TikTok, Too—What Happened Ahead of Expansion to 470 Theaters? Tesla Shares Fall Despite Unveiling of ‘Flying’ Roadster

‘Musk’ Documentary Suddenly Blocked From Advertising on TikTok, Too—What Happened Ahead of Expansion to 470 Theaters? Tesla Shares Fall Despite Unveiling of ‘Flying’ Roadster

Marketing Push Stalled by Warning of Permanent Ad Suspension on the 16th; Texts Revealing Oracle Founder Larry Ellison’s Pledge to Invest Billions Spark Fallout
The documentary ‘Musk’, which takes a critical look at billionaire Elon Musk, has had its promotion completely blocked on TikTok, following X , fueling controversy over what critics call blatant media control by Silicon Valley’s Big Tech companies.
| James choi
BESTie’s ‘Love Options’ Makes a Global Chart Comeback 13 Years Later as the Full Four-Member Group Reunites

BESTie’s ‘Love Options’ Makes a Global Chart Comeback 13 Years Later as the Full Four-Member Group Reunites

A viral TikTok short-form trend sends the song to No. 12 in South Korea on YouTube; the group resumes activities on the 13th anniversary of its October 17 release
Girl group BESTie is returning to the music scene as a full four-member group, fueled by the explosive global chart comeback of its hit “Love Options,” released 13 years ago. A hit revived by global short-form trends returns in style, dominating the charts According to the music industry on the...
| James choi
Studio Dragon Sets New Record With 10th Global No. 1 Hit as ‘Doctor X’ Draws 4.6 Million Views

Studio Dragon Sets New Record With 10th Global No. 1 Hit as ‘Doctor X’ Draws 4.6 Million Views

‘Doctor X’ tops the non-English TV chart with 4.6 million views from May 5–11, marking the fifth straight year Studio Dragon has had a No. 1 hit Studio Dragon strengthens its lineup with a new series by Noh Hee-kyung and ‘The Gift,’ starring Kim Woo-bin, set to premiere later this year
Studio Dragon has set a new record, bringing its total to 10 dramas that have reached No. 1 globally on Netflix, propelled by the worldwide success of its drama Doctor X: The Age of the White Mafia . K-content’s formidable strength: five straight years at No.
| James choi
Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Netflix takes drastic action as stock plunges 40%, cuts 1,000 jobs

Layoffs affect 6% of workforce, the biggest reduction since 2022, as company moves to protect profitability
Falling viewing time and intensifying competition make breakthrough urgent Netflix, the world’s largest video streaming company, will cut about 6% of its workforce as it responds to slowing growth and subscriber departures.
| James choi