Korea's film industry grapples over six-month holdback rule

One of the most pressing issues facing South Korea’s film industry is the debate over the holdback system. The holdback system refers to the period during which a film’s release on other distribution platforms, such as streaming services, is delayed following its theatrical run. The practice is designed to protect box-office revenue and maintain a sustainable revenue cycle for the film industry. The Ministry of Culture, Sports and Tourism and the Korean Film Council launched a public-private con