Business
Merger Plans Fall Through for Korean Cinema Chains
Lotte Cinema and Megabox, South Korea’s second and third largest cinema chains, have canceled their proposed merger. The deal was intended to create a dominant market player but faced unspecified challenges.
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South Korea’s second and third largest cinema chains, Lotte Cinema and Megabox, have called off their proposed merger. Lotte Shopping revealed in a corporate filing on Wednesday that the memorandum of understanding signed with Megabox parent company Contentree JoongAng to merge the two chains was te
2026-07-02 07:26 UTC