Released on Wednesday by Lotte Entertainment, “Steel Rain 2” earned $4.92 million from 663,000 admissions over the weekend. Over its five days to date, it has accumulated $7.03 million from 1.02 million ticket sales.
Directed by Yang Woo-suk, the film imagines a three-way summit meeting between North Korea, South Korea and the U.S. to finally bring to an end the Korean War that played out between 1950-53.
The film sees Jung Woo-sung play the South Korean leader, Yoo Yeon-seok portray the North Korean leader and Angus MacFadyen play the U.S. president. While the three leaders are conferring they are kidnapped by a zealous North Korean general and spirited away on a nuclear submarine.
It is a sequel to 2017 hit “Steel Rain” in which North and South Korean special agents have to cooperate to avert a military confrontation. The earlier film earned $29.7 million from 4.45 million admissions.
Popular on Variety
While the release of “Steel Rain 2” appears to mark another success for Korea’s cinema re-opening, the still sluggish pace of releasing and the lack of large new Hollywood titles is hampering growth. Aggregate box office for the top ten films increased by 44%, to $7.68 million over the weekend, compared with $5.33 million previously. But there was little depth to the chart.
“Steel Rain 2” accounted for 62% of the market, while “Peninsula” enjoyed 28%. “Peninsula” earned $2.24 million, compared with $4.51 million, a drop of 50% in its third frame. It now has a total of $25.1 million since its July 15 release.
A smash hit last year, “Aladdin” placed third with $176,000 in is second weekend of rerelease. Its market share over the weekend was a tiny 2.2%. Chinese animation, “Happy Little Submarine: Space Pals” was the only other new release film of note, earning $169,000 for a 2.1% market share from 400 screens.