Hallyuwood is indeed an informal phrase that combines the words Hallyu (Korean Wave) and wood from Hollywood to characterise the Korean-language entertainment and movie business in South Korea. The Korean Wave phenomenon, which also has washed across the borders of practically every country in Asia and several other countries throughout the world, is referred to as Hallyu by Koreans. CNN used the term “hallyu-wood” to describe the trend. The term “Hallyuwood” has been used quoted inside a variety of news articles, journals, books, as well as symposiums to describe people, places, and events associated with the Korean Wave, from a planned “Hallyuwood Walk of Fame” in Seoul’s glitzy Gangnam District to a bibimbap dish called Bibigo: The Hallyuwood hopeful.
The three primary pillars of the present international entertainment business are Hallyuwood, Hollywood, and Bollywood. The three are often regarded as the world’s most prominent film-making destinations.
Park Chan-wook and Kim Jee-woon, for example, have made the move from Hallyuwood to Hollywood and have already released their first English-language films, most notably Kim Jee-The woon’s Last Stand with Arnold Schwarzenegger and Park Chan-Stoker wook’s with Nicole Kidman.
The winners of Discovery Channel’s First Time Filmmakers (FTFM) Korea produced a five-part documentary series for the Discovery Channel. Finding Hallyuwood, a documentary starring actor Sean Richard, was one of the documentaries. Sean talks with Korean singers, actors, film directors, and producers to learn more about what makes Korean music, films, and dramas special, as well as how they connect with international audiences.
With the probable exception of India’s Bollywood, the Korean film industry appears to be the most thriving in the (Asian) area, with government assistance proving important during Korean cinema’s early years of struggle in the 1990s.
American film studios, such as Warner Bros. Korea and 20th Century Fox Korea, have established local subsidiaries to finance Korean movies such as The Age of Shadows (2016) and The Wailing (2016), putting them in direct competition with Korea’s Big Four vertically-integrated domestic movie production and distribution companies: Lotte Cultureworks (formerly Lotte Entertainment), CJ Entertainment, Next Entertainment World (NEW), and Showbox.
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