Acclaimed director raises alarm over industry crisis

Park voices serious concern

January 19, 2026: Legendary filmmaker Park Chan Wook has warned that the Korean film industry is currently in a “state of great danger.” The director expressed deep concern over shrinking budgets, reduced theatrical releases, and changing audience habits.

A troubling outlook.

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What he says is going wrong

Park pointed to declining box office numbers and fewer greenlit projects as major red flags. He believes studios are becoming overly cautious, limiting creative risks.

Creativity feels restricted.

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Streaming’s growing impact

According to Park, streaming platforms have reshaped the industry, pulling audiences away from theaters. While digital platforms offer opportunity, they also weaken traditional cinema.

The shift is dramatic.

Why this matters globally

South Korea’s film industry has gained massive international respect. Park fears this reputation could suffer if support for filmmakers continues to decline.

A cultural loss looms.

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Filmmakers react

Other directors and industry insiders echoed Park’s concerns, calling for stronger government and studio backing to protect Korean cinema.

Support demanded.

Lee Sung-min, Park Hee-soon, Son Ye-jin, director Park Chan-wook, Lee Byung-hun and Yeom Hye-ra attend the 'Eojjeol Suga Eopda' (No Other Choice) photocall during the 82nd Venice International Film Festival on August 29, 2025 in Venice, Italy.

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Final thoughts

Park Chan Wook’s warning highlights a critical moment for Korean filmmaking. Without intervention, one of the world’s most respected film industries could face serious decline.

Cinema needs saving.

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Published by HOLR Magazine

Image Credit: Getty Images