Pursuits
1980s Boom Years Living On in Korea's Outperforming Media Stocks
- CJ E&M shares double as `Reply 1988' caps year of hits
- Chinese companies seek co-production with Korea partners
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While Korean steel mills and ship yards struggled to stay in business in 2015, the nation’s media companies were busy emulating the boom years of the 1980s -- literally.
Shares of CJ E&M, which owns cable TV channel tvN, doubled in 2015 as it capped a year of hits with a weekly drama called "Reply 1988." The show depicting the lives of high school students during a year of 11.9 percent economic growth and the Seoul Olympics struck a chord with households in an economy reeling from 11 months of slumping exports.