World · 28 December 2025
South Korean entertainment industry faces major challenges
South Korea's entertainment industries are experiencing unprecedented challenges, with directors warning the film sector has almost collapsed amid investment shortfalls and declining cinema revenues. K-pop faces similar pressures with album sales falling 19.5% in 2024, while major agencies pivot to touring revenue. Both industries confront structural issues including Netflix's dominance disrupting traditional business models, rising production costs, and increasing global competition that threatens their domestic foundations despite continued international success.
Reported by Guardian · How we write briefs