Organizers of Asia’s top film festival, which opens in Busan this week, warn that a surge of global interest in the critically acclaimed South Korean movie Parasite masks damaging underinvestment in local independent cinema.
Bong Joon-ho’s darkly comic tale of class war in the Seoul suburbs won the Palme D’or for best film at Cannes and is firming as an Oscar favorite next year, in what would be the first-ever win for a Korean film.
It has been sold to 192 international markets—a record for a local production—and has already grossed just over $90 million ahead of its highly anticipated Oct. 11 release in the United States.
ADVERTISEMENT
