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Production Budgets of Korean Blockbusters in 2017

Several blockbusters with a budget of over USD 8.7 million (KRW 10 billion) are waiting in Korean theaters in 2017. A lot of movie fans are expecting how many films will surpass 10 million viewers in 2017 although there was only one selling more than 10 million tickets last year.

The highest budget film in 2017 is BONG Joon-ho’s Okja. The film is fully invested its USD 52.2 million of production cost by online giant Netflix and is much larger than in scale of the director’s previous film, The Host (2006), at a cost of USD 9.57 million. KIM Yong-hwa’s Along with the Gods is one of the expensive movies this year, too. It is produced in two parts at the same time in a budget of USD 26.1 million, and will be released in sequence.

RYOO Seung-wan’s Battleship Island has as much production budget as two movies of Along with the Gods. Battleship Island, which unfolds the story of Koreans during the Japanese Occupation era, costs USD 19.1 million to make. In addition, Steel Rain (W/T) based on webcomics of the same title is shooting for a 2017 release at a cost of USD 13.5 million.

Besides, big budget blockbusters in 2017 include period epic Namhansanseong Fortress based on a novel written by KIM Hoon and A Taxi Driver about Gwangju Democratization Movement.

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