In a move that is poised to reshape the South Korean movie exhibition industry, two of the country’s leading cinema operators—Lotte Cinema and Megabox—are set to join forces. Retail conglomerate Lotte Group announced that Lotte Cultureworks and Megabox Joongang, parent companies of Lotte Cinema and Megabox respectively, have signed a memorandum of understanding (MOU) for a strategic merger.
