Korea Media Stocks Surge as China Resumes Online Streaming
(Bloomberg) — Shares of South Korean movie producers and distributors rallied as China resumed the streaming of a Korean movie following a six-year hiatus, spurring hopes of more cultural exports.
Film distributor and producer Showbox Corp. jumped 15% Wednesday, while KidariStudio Inc., a producer of online comics and other content, surged by the 30% daily limit. Other media stocks including Studio Dragon Corp. and CJ ENM Co. also rallied.
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