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‘Parasite’ Shares Rocket After Oscar Wins

South Korean movie director Bong Joon Ho (R) accepts the award for Finest Director for “Parasite” from US director Spike Lee (L) throughout the 92nd Oscars on the Dolby Theatre in Hollywood, California on February 9, 2020. Mark RALSTON / AFP

 

South Korean shares linked to director Bong Joon-ho’s Oscar-winning film “Parasite” — a darkish comedy concerning the hole between wealthy and poor — have soared after traders piled in following its unprecedented Academy Awards.

Shares in its manufacturing firm, distributor and even an immediate noodle maker featured within the movie have all shot up since “Parasite” turned the primary non-English-language movie to win Hollywood’s high prize on Sunday, prompting celebrations in South Korea.

By Wednesday’s shut, Barunson E&A, the corporate that produced “Parasite”, was up 91 per cent on Seoul’s junior Kosdaq market from Friday, the final buying and selling day earlier than the Oscars ceremony.

Nongshim, a high South Korean meals and beverage maker that makes the 2 immediate noodles within the recipe featured within the film, was up 11 per cent over the identical interval.

And “Parasite” distributor CJ ENM, already one in all South Korea’s greatest media firms, was up four.5 p.c in the principle Kospi market.

“Parasite” value a reported 13.5 billion gained to make — $11 million — however since its premiere on the Cannes Movie Competition in Might, it has earned $130 million worldwide.

US media large HBO has secured the rights to adapt it right into a miniseries.

AFP

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