Parasite director Bong Joon-ho with his Oscars
A pair of far-sighted investments in the Academy Award-winning film Parasite are set to pay hefty dividends to two of South Korea’s leading lenders.
Woori Bank pumped KRW300 million ($255,000) into the film two years ago, a spokesman in the bank’s investor relations department told Euromoney.
He said the investment was “purely a commercial decision”, and added: “We are all very proud [of its] success.” State-run Industrial Bank of Korea (IBK) injected KRW120 million into the film at the same time, also indirectly and via an investment vehicle.
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