Movie industry sales revenue in South Korea 2008-2022
The success of Parasite
The South Korean movie industry is regaining attention from audiences all around the world. In the beginning of 2020, the movie "Parasite" by Bong Joon-ho won four Academy Awards, including Best Picture. "Parasite" was the first non-English movie to win the Academy Award for Best Picture. The movie was especially successful in Japan, France, and the United Kingdom.
The term hallyu, literally meaning the Korean wave, refers to the popularity and success of South Korean culture around the world. While the current focus is mostly on K-pop and Korean dramas, the movie industry has been an integral part of the movement from early on. According to a government survey conducted in 2021, around 49 percent of respondents stated that they perceived South Korean movies to be “very popular” in their country.