CANNES - The Hollywood Reporter

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SPECIAL FEATURE SOUTH KOREA Park Chan-wook made his Hollywood debut this year with the thriller Stoker, starring Nicole Kidman. THE SOUTH KOREAN NEW WAVE EXPANDS It isn’t all about Psy: With box office booming and a seemingly endless supply of film talent, the peninsula is ready to take on Hollywood (with China next) BY HYO-WON LEE PSY MAY HAVE BEEN ONE OF THE biggest stories of the past year, but beyond the Gangnam Style craze that swept the globe, South Korea also enjoyed a recordbreaking year through its film sector. In 2012 the country moved up to No. 7 in box office (from No. 9 in 2011), taking in $1.3 billion. With domestic admissions cracking the 100-million mark for the first time, two local releases acheived blockbuster status: Masquerade, which earned $80 million globally, and The Thieves, which grossed $83.5 million. In March Lee Hwan-kyung’s Miracle in Cell No. 7 became the eighth Korean movie to join the 10-million admissions club, with a worldwide gross of $81 million; it even outperformed the mighty Iron Man 3. Now Korean filmmakers are beginning to think the unthinkable in terms of global expansion by aiming for the two biggest targets: first the U.S., and then China. “Korean cinema is no longer limited solely to niche fans of Asian films, but is beginning to appeal more to general American audiences,” says Lee Byung-hun, 42, who enjoys superstar status in South Korea and has been called the Brad Pitt of Korea (a sentiment loudly echoed by the 50,000 screaming women who greeted him at a fan event in a Tokyo stadium). Cast in Red 2 over Jackie Chan and Chow Yun Fat, Lee notes that his hit Masquerade premiered at the increasingly film-centric Los Angeles County Museum of Art, which will welcome the Academy of Motion Picture Arts and Sciences museum to its campus in 2017. Elsewhere, Park Chan-wook, director of Byung-hun’s 2000 hit JSA: Joint Security Area, made his U.S. debut this year with the Nicole Kidman thriller Stoker; Korea’s noir gangster thriller New World, which sold more than 4.5 million tickets in Korea, was picked up for six figures by Sony for remake rights; and Bong Joon-ho’s eagerly anticipated sci-fi epic Snowpiercer, starring Chris Evans and Tilda Swinton, will be released worldwide this summer. “We’ve already had a lot of winners at festivals like Cannes and Berlin and Venice,” says Kang Woo-suk, THE HOLLYWOOD REPORTER 42 Bae Doo-na, who had a featured role in Cloud Atlas, next will be seen opposite Channing Tatum in Jupiter Ascending.
· The internet’s top English resource for all things Korean cinema · Available across all mobile platforms and on SNS · Free online screening platform for film professionals (screening.koreanfilm.or.kr) · Korean Cinema Today; KOFIC’s internet and print publication Korean Cinema Today Online Screening Global Film Glossary App iPad Magazine KoBiz Mobile App News& Database Your Gateway to Korean Films www.koreanfilm.or.kr
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CANNES - The Hollywood Reporter

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