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Is Corean (Korean) Cinema the New HK Cinema?

t the peak of its Golden Era between the mid-80s and early-90s Hong Kong cinema was defending nearly half its domestic box office turf against Hollywood imports, thanks to an unusual concentration of mega-talents like John Woo, Chow Yun-Fat, Jackie Chan and Tsui Hark. No other film industry in the world had been able to claim that for a half century. What's more, some HK kung-fu and gangster flicks outdrew Hollywood thrillers in many international markets.
Won Bin
Corean heartthrob Won Bin

     Hollywood's strategy for coping with the HK threat? Simple and devastatingly effective -- buy up the biggest box-office draws. The result has been an epic shift: the top HK talents have been reduced mostly to coolie-ing on Hollywood formulaics while HK cinema has become a parched gulch with bounding tumbleweeds and half-hinged screen doors banging forlornly with every hot gust.
Kim Yoon-jin
Corean American Shiri star Kim Yoon-jin

     But just as Asian Americans resigned themselves to having screen images hijacked by a remarkably Asian-unfriendly Hollywood, Corean cinema began throwing off heat. Beginning in the early 90s a hardy new generation of Corean filmmakers made themselves fixtures at the award ceremonies of Cannes, Venice and other international film festivals. By the turn of the century Corea's Pusan Film Festival emerged as Asia's premiere celluloid bazaar. But that was small potatoes, not enough to catch the notice of an industry whose real lifeblood is box office.
     Then came Shiri (1999), Kang Jae-gyu's lovingly-wrought, haunting thriller about a deadly North Corean female terrorist who falls in love with exactly the wrong guy. It became the first domestic film in history to break the 2 million ticket mark for the Seoul metropolitan area (which accounts for about 25% of the Corean market), and went on to outgross Hollywood blockbusters like The Mummy, The Matrix, Titanic, Star Wars Episode One and Toy Story. Its $5 million budget is less than a tenth of what Hollywood spends at the drop of a dime but was considered a daring gamble. It paid off. Domestic box office receipts ultimately spiked past $60 million, ensuring an unexpected profit for the film's backer Samsung Entertainment -- and more importantly, whetting the appetites of investors for more "big-budget" projects.
     Director Kang took pains to point out that Shiri's success was founded on a painstakingly crafted screenplay -- something few Corean directors had bothered with before then.
     In 2000 and 2001 alone, two Corean films surpassed Shiri's box office benchmarks: Joint Security Area (DMZ military mystery/drama, 2000) and Friend (male-bonding, 2001). These blockbusters have stimulated a general upsurge of interest in domestic films. Films like Friend and My Sassy Girl (romantic comedy) outgrossed Hollywood megapics like Harry Potter and Lord of the Rings. They helped make Corea the only market in which domestic films captured over 50% of box office receipts, with Hollywood fare attracting 40%.
     As the saga of Hong Kong cinema has shown, nothing yanks Hollywood's chain like being kicked at the box office. Major studios have begun importing Shiri, Musa (co-starring Zhang Zhiyi as a Ming princess rescued by Corean swordsmen) and other Corean films for limited U.S. theatrical release and video distribution. More significantly -- or ominously, depending on your perspective -- they have begun signing Corean talent. One is actress Shin Eun-kyung who starred in the popular comedy My Wife Is a Gangster (2001) which outgrossed Lord of the Rings. Shin will play the female lead opposite Andy Garcia. Miramax even paid $1.1 million for the remake rights to My Wife Is a Gangster.
     Is Corean cinema the new Hong Kong cinema? Or will an Asian version of Hollywood ultimately emerge in Corea?

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WHAT YOU SAY

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(Updated Tuesday, Apr 1, 2008, 06:07:24 PM)

I personally want taiwan cinema or mainland china cinema, rather than corean cinema... Coreans are too lucky.

Ms.Kwan
   Tuesday, March 19, 2002 at 07:01:18 (PST)
I think why Asian Media does so well in America is because everyone has a secret attraction to all asians! Koreans are very attractive! The men already make me want to *wink wink* , while the women also do that to me!!!
Chinese girls are also very tempting, with their white skin and 5'10 frame, and perfect features will kill you like a nymph from the magical forest! The reason why sometimes Asians are always stereotyped by people in America is because we are too hot.
Crazy woman in beijing
   Monday, March 18, 2002 at 07:51:27 (PST)
"there are many handsome and hot guy in South Korea". Who are they?


Cheh Yun Bui (cantonese rendered name)
Won Bin , that guy who came with Kim Heesun, that rapper guy, etc etc... Too much.

Takeshi Kaneshiro... very leng jai!
Ms.Kwan
   Monday, March 18, 2002 at 07:45:41 (PST)
"there are many handsome and hot guy in South Korea".

who are they?

?
   Sunday, March 17, 2002 at 19:26:22 (PST)
A Fan of Ms. Kwan,

Er.. I suppose, I'm flattered if u r serious about it.
Ms.Kwan
   Sunday, March 17, 2002 at 17:04:18 (PST)
Hey, has anyone has seen the new music video of the band "the corrs"? The video features a Chinese woman and a Chinese man... damn! the guy is very fine, handsome Asian -- totally masculine! :0)

Takeshi Kaneshiro's Fan
   Sunday, March 17, 2002 at 08:56:09 (PST)

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