ABSTRACT
In 2023, Japan maintained its position as the third-largest film market globally, while the Republic of Korea experienced a decline. The film industries of both countries share similarities, including a slowing growth rate in the traditional cinema box office, rapid expansion of the online screening market and continuous growth in overseas exports. Between 2022 and 2023, both markets benefitted from increased ticket prices and showed signs of recovery, though neither returned to the peak levels of 2019. Japan's cinema market remains primarily driven by local films, particularly animation, while the Republic of Korea experienced a shift, with foreign films performing slightly better. Japan's overseas export revenue continued to rise, reflecting the growing international competitiveness of Japanese films. The Republic of Korea also saw significant growth in on-demand online movie revenues and strong overseas export performance. Both countries are adapting to evolving movie-watching habits and digital technologies, seeking new development strategies. The online screening and overseas markets in both Japan and the Republic of Korea are expected to continue growing in the future.
