Moviegoers purchase tickets at a theater in central Seoul on Feb. 19, 2025. [YONHAP]
Korea launched a public-private consultative body on Friday to discuss a proposed “holdback” system that would impose a mandatory waiting period before films released in theaters can be shown on streaming platforms, with authorities aiming to reach a deal by August.
The Ministry of Culture, Sports and Tourism and the Korean Film Council said they will hold the body's first meeting later in the day in Seoul, bringing together 22 representatives from across the film industry. Participants include Culture Minister Chae Hwi-young and executives from film studios, distributors, cinema chains and IPTV platforms.
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Discussions are centered on shaping holdback rules, with a bill seeking a six-month holdback period still pending in the National Assembly.
