September 24, 2008 11:20
With a growing number of big productions struggling to make a hit at the box office, the trend in Korean movies is to make quality films on low budgets.
The horror film "Death Bell" released this summer was made at a low cost but managed to attract 1.5 million viewers, twice more than the 700,000 it needed to break even.
Another low-budget film "Rough Cut" featuring two A-list actors debuted just last week and has already been seen by over 1 million people. And some highly anticipated films made on a tight budget are about to hit theaters.
Starring Jeon Do-yeon, who won the Best Actress Award at the 2007 Cannes Film Festival, and well-known actor Ha Jeong-woo, "My Dear Enemy" was made for just W2 billion ( US$1=W1,149). Up next are "Truck," a thriller that cost W1.8 billion, and "Miss Carrot," made on a budget of a mere W1 billion. Industry analysts say although these movies are made on a low budget, their strong storylines are earning rave reviews.
Korea's movie industry has been stuck in a rut lately. But with the continued success of low budget films it could be ready for a comeback.
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