Domestic Quota Cut to Give Foreign Films Time
From Times Wire Reports
South Korea said it would halve its quota for homegrown films that must be shown in the country’s cinemas, bowing to a U.S. demand to give Hollywood more access -- a key issue in planned trade talks.
Local theaters are required to show South Korean movies for 146 days a year to protect the local film industry. As of July 1, the quota will be reduced to 73 days, the Finance Ministry said.
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