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There is no doubt, that the film industry of Korea has been one of the largest growing film industries of the world. While the film industries of other countries have been growing according to norms, Korea's industry has been rebuild and transformed in such a way that it now boasts of having one of the most thriving film industry. The movies which were produced in the era of 1960's and 1970's are completely unrecognizable for those who have seen Korean industry working now.

Korean cinema has transformed to an astonishing degree in a similar way as the Korean society has. Korean society moved from an autocratic military government in 1988 to today's democratic society. During 1970' and 1980's, local cinema was highly affected by censorship and government regulations. But 1990, proved to be an era of success when new policies were introduced, new institutions were created, new talent entered and suddenly the world was watching some great Korean blockbusters which were competing even against the successful Hollywood movies.

After the great success in 1990's and the start of 2000, Korean film industry faced some difficulties after 2005. The backdrop was associated with the repetitious drams, plots, cultural opposition and retaliation by some countries. Music exports fell by around 20% in just one year. The number of tourist to Korea has also declined by 40%. According to the “The Seven Basic Plots” by Christopher Booker, he explains that movies are based on seven fundamental plots which include “defeating the monster, poor to wealthy, the quest, voyage and return, comedy, tragedy and reincarnation”. These seven plots had been used in Korean films in the last 10 years or more and audience wanted to see some new ideas and stories. Moreover, hostility of China has increased over years. People felt the Korean films presented their culture as the one dominating the Asian empire. Chinese people believed that Korea was spreading its culture through their dramas, and although they were really successful in the beginning but then they started generating antipathy towards the Korean wave.

In 2006, the Korean film industry set a record by selling $954 million worth of tickets and gaining around 64% share of the market. But there were signs of a bubble bursting as 100 movies were produced in just one year, budgets surged up rapidly and suddenly even the successful movie were meeting breakevens rather than making huge profits. The exports figure fell by 68 per cent, especially to Japan. The success of industry in 2004 and 2005 attracted many investors who brought excess resources and money. But they contributed in creating a bubble of assets. Due to inexperienced moviemakers, some low quality films were made and around 30 films in 2006 were not released. People predicted that Korean wave might be ending at last. 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。