Monday, August 13, 2012

KBO: The Thieves Overcomes The Grand Heist's Grand Opening (08/10-08/12, 2012)

The Thieves Overcomes The Grand Heist's Grand Opening

Title Release Date Market Share Weekend Total Screens
1 The Thieves 7/25/12 36.60% 1,138,579 9,237,509 801
2 The Grand Heist 8/8/12 30.10% 961,805 1,343,501 694
3 I Am a King 8/8/12 8.30% 271,095 490,594 471
4 The Dark Knight Rises (us) 7/19/12 8.20% 240,450 6,073,570 367
5 Sammy's Adventures 2 (be) 8/1/12 7.10% 218,639 967,254 370
6 Ice Age 5 (us) 7/25/12 3.80% 118,629 1,453,213 271
7 Animals United (ge) 8/8/12 2.50% 86,564 123,247 241
8 Step Up 4 (us) 8/15/12 0.70% 21,029 22,245 90
9 Detective Conan (jp) 7/19/12 0.50% 18,044 499,974 82
10 Horror Stories 7/25/12 0.50% 13,955 315,775 65

The Korean's box office's hot streak is showing no signs of slowing down after another weekend clocking in at over 3 million admissions (3.1). Popular new local films and an aggressive holdover have lifted the domestic market share to an impressive 76%. This weekend last year, when War of the Arrows opened, was itself no slouch with 2.85 million admissions and a 77% market share.

Leading the pack again, but only just, was the third weekend of The Thieves' record-breaking run. It slowed about 40% and added another whopping 1,138,579 to its total which is well over the 9 million mark. It is set to become only the 6th Korean film to cross the 10 million threshold and it should achieve this on Wednesday, when grosses will be inflated due to a national holiday.

The Grand Heist went up against the toughest competition imaginable but still managed to succeed as it raked in an enormous 961,805 admissions. Time will tell if it has legs but for the moment, it looks to be well on its way to profitability.

Another new Korean film opened at no. 3, but not only that, it was also a period comedy. Hard to say why I Am a King was programmed against The Grand Heist but the tactic did not succeed as it wound up with a mediocre 271,095. Only stellar word of mouth will save it from here on out and I have yet to hear any.

The Dark Knight Rises took a significant beating from local offerings this weekend but its 240,450 take was enough to put it past the 6 million mark. No mean feat for a foreign film these days.

Belgian animation Sammy's Adventures 2 was down 40% for 218,639 and should cross the 1 million mark on Monday. Ice Age 4 slowed significantly for 118,629 and its total, which will likely fall short of 2 million, will be seen as a disappointment.

The Rain-starring pilot action film R2B will be hoping to top the charts next weekend but the buzz is not great and it may stumble against the competition. Total Recall is also opening but I daresay it will probably underwhelm.


The Korean Box Office Update is a weekly feature which provides detailed analysis of film box office sales over the Friday to Sunday period in Korea. It appears every Sunday night (Korean Standard Time) on Modern Korean Cinema. For other weekly features, take a look at Korean Cinema News and the Weekly Review Round-upReviews and features on Korean film also appear regularly on the site. 

To keep up with the best in Korean film you can sign up to our RSS Feed, like us on Facebook, or follow us on Twitter.

1 comment:

  1. watched I Am A King last week and then The Grand Heist last night.. we liked the first one better. The Grand Heist became boring in the middle. the story was so predictable and dragging.. nothing exciting happened. my husband is a Cha Tae Hyun fan but he just slept.. since i also like him, CTH, i endured watching.. he's the savior of this movie, i should say. it was enjoyable watching it because of him.. both movies have predictable endings too but the cast of I am a King had more chemistry i should say that's why we both like it better...