Report notes strong trend for global Ott buyers of Korean films such as Train To Busan and The Handmaiden.South Korean film industry exports went up by 17.5% last year, according to a 2017 market analysis published today by the Korean Film Council (Kofic).Exports totaled $118.8m with completed films taking in $40.1m, a sum down 7.2% from the previous year.In contrast, export of services such as VFX and Di almost doubled to $78.1m, with demand for services on large-scale Chinese films at a steady flow.The government-funded agency noted the most remarkable recent trend was global Ott buyers of Korean films – e.g.
Netflix picking up worldwide rights to Train To Busan and Pandora and Amazon Studios picking up The Handmaiden for the Us in 2016.
In 2017, Netflix snapped up North-South Korean action thriller Steel Rain and Yeon Sang-ho’s sci-fi thriller Psychokinesis before local release.Asia accounted
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