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Korean Box Office: ‘Suzume’ Reigns for Fourth Weekend

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Korean Box Office: ‘Suzume’ Reigns for Fourth Weekend

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“Dungeons & Dragons: Honor Among Thieves” took second place in a depressed South Korean box office with a market share barely a fifth of that of the leader in the ranking”susume.”

The Japanese anime film earned $4.46 million in its fourth week of release, according to data from Kobis, the tracking service operated by the Korean Film Council (KOFIC). While that was a 26% week-over-week drop, its hold on the chart remained at over 60%. Since its March 8 release, it has grossed $29.9 million, making it the second highest-grossing film of the year in Korea – behind another Japanese animation “The First Slam Dunk” on $35.1 million.

“D&D” was the highest-ranking new release of the weekend and grossed $958,000 for a 13% market share. In the full five days since it opened on Wednesday, it has made $1.36 million.

“The First Slam Dunk,” which has been out since January, ranked third with $489,000. Its cumulative total is $34.4 million.

The highest-ranking Korean film was “Woongnami,” which grossed $330,000 over the weekend. His accumulation after two weekends is $1.86 million.

Fellow Korean, “Soulmate” earned $151,000 in fifth place for a total of $1.64 million after three weekends. The concert film “I’m Hero” grossed $147,000 for a four-week total of $4.45 million.

“A Man Called Otto” placed seventh on its opening weekend. It grossed $90,000 between Friday and Sunday and $163,000 during its full five-day opening.

The South Korean box office continues to operate at depressed levels. Last weekend, with a national theatrical total of just $7.21 million, was (just) the weakest this year.

March saw a jump in gross revenue to KRW 80.2 billion. This was almost triple the score achieved in the same month last year (27 billion KRW). But it was still 32% lower than the total for the pre-COVID 2019 year.

The first quarter shows a similar trend. The domestic box office gross from January to March totaled KRW 276 billion ($209 million). This was more than double the 113 million KRW of 2022. But it is still 40% less than in 2019, when the total was 467 billion KRW and Korea was the fourth largest market in the world. box office in the world.

The collapse in the market share of local Korean films is even more dramatic. Accustomed to commanding the majority of the market (and reaching 64% market share in 2019 and 2020), Korean films only earned KRW 79 billion ($60.1 million) in the first quarter, a low 29% market share in the first three months of the year.