Korean blockbuster “The Roundup: No Way Out” experienced a 50% decline in its latest week, but it still managed to outshine two new Hollywood releases.
On Friday and Sunday, “No Way Out” raked in $5.16 million, as reported by Kobis, the tracking service of the Korean Film Council. Despite the decline, it held a significant 42% share of the market and attracted an additional 650,000 viewers.
After three weeks in cinemas, the film’s cumulative box office revenue, including previews, reached an impressive $68.9 million. It has been seen by a total of 8.91 million spectators. With these numbers, “No Way Out” has emerged as the highest-grossing film of the year, surpassing the Japanese animation “Suzume,” which had reached the $44 million mark. Furthermore, it is one of only three Korean-produced films to make it into the top ten this year.
At its current pace, “No Way Out” is likely to reach the coveted 10 million ticket sales mark, considered a milestone for mega blockbusters in Korea. However, surpassing the success of the second installment released last year, which earned $100 million from 12.7 million ticket sales, seems unlikely.
In the second spot for the latest weekend, Disney/Pixar’s “Elemental” grossed $3.31 million from 422,000 ticket sales between Friday and Sunday. Over its full five-day launch period, the animated film accumulated $4.0 million from 516,000 spectators.
Taking third place was “The Flash,” which opened with a 20% market share. The movie earned $2.48 million over the weekend and a total of $3.57 million over the span of five days.
“Transformers: Rise of the Beasts,” which had debuted in second place the previous week, slipped to fourth. It earned $608,000, a 74% drop from its opening week. After 12 days in Korean cinemas, “Beasts” has now reached a cumulative box office revenue of $5.69 million.
In fifth place, “Guardians of the Galaxy Vol 3” brought in $139,000, contributing to its running total of $34.4 million since its release on May 3.
No other film managed to capture more than a 1% share of the market. As a result, the overall box office revenue nationwide decreased from $14.4 million to $12.4 million compared to the previous week.
Recently, it was reported that the offices of Korea’s three major exhibition companies and three distributors were raided by the police due to suspicions of misreporting box office and revenue data to Kobis. It has been clarified that the investigation is centered on the reporting of data for three specific films, not the entire market.