SEOUL: South Korean shares linked to director Bong Joon-ho's Oscar-winning movie"Parasite" - a dark comedy about the gap between rich and poor - have soared after investors piled in following its unprecedented Academy Awards.
Shares in its production company, distributor and even an instant noodle maker featured in the film have all shot up since"Parasite" became the first non-English-language film to win Hollywood's top prize on Sunday, prompting celebrations in South Korea.By Wednesday's close, Barunson E&A, the company that produced"Parasite", was up 91 per cent on Seoul's junior Kosdaq market from Friday, the last trading day before the Oscars ceremony.
And"Parasite" distributor CJ ENM, already one of South Korea's biggest media companies, was up 4.5 per cent in the main Kospi market."Parasite" cost a reported 13.5 billion won to make - US$11 million - but since its premiere at the Cannes Film Festival in May, it has earned US$130 million worldwide.
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