Story perspectives

Korea Sets Record Film Budget, Panels Address Holdback, Screen Caps

5/29/2026

Summary

Story summary

Culture Ministry and Film Council (KOFIC) launched a panel, chaired by Culture Minister Chae Hwi-yong and including Lee Eun and Lee Hwa-bae, to negotiate a holdback by August and to discuss a screen-cap limiting auditoriums per title.
National Assembly approved a KRW65.59 billion ($47.5 million) film budget, the largest ever.
Box office remains below norms, with “The King’s Warden” earning KRW151.8 billion ($110 million) and “Colony” opening May 21 and capturing 71.85% market share.

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Story summary

Culture Ministry and Film Council (KOFIC) launched a panel, chaired by Culture Minister Chae Hwi-yong and including Lee Eun and Lee Hwa-bae, to negotiate a holdback by August and to discuss a screen-cap limiting auditoriums per title.
National Assembly approved a KRW65.59 billion ($47.5 million) film budget, the largest ever.
Box office remains below norms, with “The King’s Warden” earning KRW151.8 billion ($110 million) and “Colony” opening May 21 and capturing 71.85% market share.