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Wed, 12/07/2011 - 10:11
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Homegrown films' market share falls below 60 pct last month

SEOUL, Dec. 7 (Yonhap) -- South Korean films' share of the domestic movie market dropped below 60 percent in November for the first time in four months, a government agency for promoting homegrown films said on Wednesday. The Korean Film Council, in a regular report on local box-office sales, said homegrown films accounted for 55.9 percent of movie tickets sold in November, down 12.4 percentage points from 68.3 percent the previous month. Compared with the same period a year ago, the share was 9.3 percentage points lower. The decrease was attributed to the strength of foreign movies such as "War of Gods," "Real Steel" and "Money Ball." Boosted by the popularity of such films as "War of the Arrows," "Wandeukyi" and "Silenced," Korean films took more than a 60 percent market share for three consecutive months starting in August. (END)