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Korea's new wave: does the phenomenal success of South Korea's highly protected film industry offer timely lessons for Australia?


In January 2004 around 5 million Seoulites went to the movies, almost half of this present metropolis's population. By any standards that is fair impressive. More striking is the fact that 324 million of them paid to watch Korean movies. Korea is showing in the best way possible that there is an alternative to American blockbusters dominating a country's local market.

In March, Korean films accounted for 70 through cent of the market share in southern Korea, the highest domestic market share of any political division in the world outside the US. The Korean movie industry has overtaken


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