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Archive for December 9th, 2008

It is now evident that the world economic crisis has spread to all sectors including the entertainment industry. In Korea, celebrities have decided to take a pay cut in their talent fees as a sign of their willingness to help the industry.

This is good news and a win-win solution for entertainment companies and actors. Companies can continue producing Korean dramas at a lesser budget while stars can expect work.

It will be a hard blow if an entertainment company in Korea folds up. This will result in unemployment for actors, directors and staff and crew.

Here’s a news article from the Korea Times about this:

The global economic crisis and corresponding local business sentiments are spreading over to the entertainment sector. Planned dramas are being dropped from production while top celebrities are willingly reducing their paychecks.

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(From the Korea Times)

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