Browsing: Korea

Culture Minister Chae Hwi-young (left) speaks during a press briefing on the 2027 Fanomenon initiative as J.Y. Park, founder and chief producer of JYP Entertainment, looks on at the National Museum of Modern and Contemporary Art, Seoul, on Monday. Both serve as co-chairs of the Presidential Committee on Popular Culture Exchange. (Yonhap)

South Korea’s theater market has attained record-breaking growth in the first half of this year, driven by high-priced stage adaptations of global IPs, which broke historical box-office benchmarks. According to data released by the Korea Performing Arts Box Office Information System (KOPIS), theater ticket sales surged 105% year-on-year to ₩75.89 billion (~ $50.9 million USD)…