Jang Kyung-ik

In this Korean name, the family name is Jang.
Jang Kyung-ik
Jang Kyung-ik (2017)
Born (1972-01-12) January 12, 1972
South Korea
Alma materKyungpook National University
OccupationFilmmaker
Years active2002 to present
Employers
Korean name
Hangul
장경익
RRJang Gyeongik
MRChang Kyŏngik

Jang Kyung-ik (Korean: 장경익, born January 12, 1972) is a South Korean filmmaker, producer and entertainment executive. He established himself as a prominent producer in South Korea through his work on blockbuster films such as Miracle in Cell No. 7 and Train to Busan, which attracted over 10 million viewers.[1][2] He is also known for producing series Descendants of the Sun, as well as Moving and Doctor Cha, for which he received the Best Series Producer award from Cine21.

Jang was one of the founder of Next Entertainment World (NEW) and served as the head of its film division, as well as the CEO of its subsidiary, Studio&NEW.[1] After leaving NEW, in July 2024, CJ ENM appointed Jang as CEO of its subsidiary, Studio Dragon.[3][4]

Early life

Jang Kyung-ik was born on January 12, 1972.[5] During his school years, he did not have specific aspirations for the future; however, he developed a strong interest in cinema.[6] He was particularly drawn to films such as The Sound of Music and Graduation, which he watched multiple times.[7] While he did not have a particular favorite director, he admired actors like Tom Hanks, Daniel Day-Lewis, and Meg Ryan.[7]

His life film is Chungking Express, which provided solace during his most turbulent periods. In his twenties, he struggled with self-image, finding his path in life, and navigating romantic relationships. To cope, he took breaks from school and later enlisted in the military after receiving his mandatory service warrant. He also took a leave of absence to focus on exam preparation and departed Korea for language training just one semester before graduation.[8]

Career

Early career at Megabox

Jang graduated with a degree in economics and began his career as an office worker in the mobile telecommunications industry. Dissatisfied with the routine corporate environment at Shinsegi Telecommunications, he made the bold decision to leave and start his own business. After trying his hand at a web animation venture for two years, Jang realized he was seeking something more fulfilling. In early 2002, he secured a position at Megabox, where his interviewer saw his talent as a movie theater programmer. With dedication and perseverance, Jang rapidly progressed in his role, eventually leading the programming team.[9][10]

As the head of Megabox's programming team, Jang Kyung-ik was responsible for tasks such as theater placement and movie purchasing. His team determined which movies will be shown at Megabox's 19 theater sites nationwide. Despite not hiring film majors, the team consists of members with movie theater experience who judge movie success based on the preferences of the general audience. They focused on capturing audience emotions by carefully examining movie titles, posters, trailers, and considering press reactions, online community responses, and preview screenings. The team acknowledged the significant influence of word-of-mouth in the film industry.[11]

During his seven years at Megabox, Jang had the opportunity to work closely with Kim Woo-taek.[9][10] In his role as team leader during his second to third year, Jang Kyung-ik organized Japanese and European film festivals and launched the 'Movie On Style' brand. He actively engaged in marketing and distributing high-art films, which he found immensely enjoyable. As Jang approached his mid-30s, his love for movies grew stronger, solidifying his lifelong aspiration of a career in the film industry. When considering the idea of starting a film company, Kim Woo-taek proposed that they embark on the venture together.[6][12]

Career at Next Entertainment World (NEW)

In 2008, Jang Kyung-ik joined Kim Woo-taek as co-founder in Kim newly established Next Entertainment World (NEW) alongside Kim Hyeong-cheol, Kim Jae-min, and Park Jun-kyung. Jang led the film division, while his co-founders managed investment, distribution, and marketing respectively. The name "NEW" was chosen to represent innovation and a departure from outdated industry concepts.[6][10] Unlike competitors, NEW operates without owning multiplex cinema chains. This unique position focuses the company's strategy entirely on investment and distribution. To make the company more agile, Jang and Kim established a "club culture" defined by flat hierarchies and minimal formal meetings. This system prioritizes individual responsibility and open communication, allowing employees to challenge ideas regardless of rank. This collegiate environment emphasizes thorough consensus over rapid decision-making.[13]

In 2010, NEW distributed nine mid-range and low-budget films, including Poongsan and Blind. Of these releases, six exceeded their break-even points, resulting in a 66.7% success rate. This performance was notably high compared to the broader industry, as the Korean Film Council estimated that only 24.6% of Korean films released that year were profitable.[14]

In 2012, NEW saw significant success with the distribution of Unbowed, All About My Wife, The Grand Heist, and Pieta, defying market predictions.[15][16] Unbowed, director Chung Ji-young’s return after a 13-year hiatus, was produced and distributed by Aura Pictures on a modest budget of ₩1.5 billion.[17][18] Following a 13-minute standing ovation at the 2011 Busan International Film Festival,[19][20] the film was released on January 18, 2012, during the Lunar New Year holiday. Despite initially opening on only 245 screens, the second lowest among its competitors, strong word of mouth led to a peak of 456 screens by January 24.[17][21] By the end of the first quarter of 2012, the Korean Film Council (KOFIC) ranked Unbowed as the third most-watched film in South Korea, totaling 3.4 million viewers.[22][23]

Released following the success of Architecture 101, All About My Wife was initially not expected to be a major hit. However, during its opening weekend from May 18 to 20, the film surpassed expectations by selling 594,195 tickets. It secured the top position at the local box office, outperforming Hollywood blockbusters such as The Avengers and Men in Black 3.[24][25] Within 19 days of its release, The Grand Heist reached 4 million viewers, becoming the seventh Korean film of 2012 to achieve this milestone.[26] The film eventually recorded over 4.9 million total admissions. During its first week, it ranked second at the box office with a gross of ₩9,615,802,659.[27] Over a five week theatrical run, it amassed a domestic total of ₩33,693,067,319,[28] establishing itself as a major summer hit alongside titles such as The Dark Knight Rises and The Thieves.[16]

Director Kim Ki-duk's Pietà also emerged as a significant success for the company.[16] After premiering at the 69th Venice International Film Festival on September 4, 2012,[29] it won the Golden Lion.[30][31] This victory marked the first time a Korean film received the top prize at any of the three major international film festivals: Venice, Cannes, or Berlin.[32][33][34][35][36][37] Following its theatrical release in South Korea on September 6, 2012,[38][39][40][41][42] the film's distribution rights were sold to 20 countries, including Italy, Germany, and Russia.[43] The North American theatrical release was handled by the independent distributor Drafthouse Films.[44]

Building on its momentum from 2012, NEW continued to dominate the market in 2013 with the release of the hit film Miracle in Cell No. 7. Within its first two weeks, the production attracted 4.6 million admissions and earned over US$30 million. Despite competition from The Berlin File, the film's audience grew by 15% in its third week, maintaining a high seat-occupancy rate of 75.8%.[45][46][47] On its 32nd day of release, Miracle in Cell No. 7 became the eighth film in Korean cinema history to surpass 10 million ticket sales.[48][49][50][51] Given its modest budget and break-even point of only 1.7 million admissions, it became the most profitable film to ever reach the 10 million mark at that time.[52][53] By March 15, 2013, the film had reached 12.32 million admissions, securing its position as the seventh highest grossing Korean film of all time.[54][55][56] Driven by the success of Miracle in Cell No. 7, Hide and Seek (5.6 million viewers), and New World (4.68 million viewers), NEW outperformed major competitors such as CJ E&M, Showbox, and Lotte to claim the top spot in domestic audience share for the year.[57][58]

In 2013, NEW secured the distribution rights for The Attorney after Jang Kyung-ik and CEO Kim Woo-taek personally intervened to outbid competitors CJ and Showbox.[59][60] The film, which marked the directorial debut of Yang Woo-suk, was inspired by the real-life 1981 Burim case during the Chun Doo-hwan regime. Starring Song Kang-ho as a tax lawyer undergoing a moral transformation through five intense trials, the project was produced by withUs Film.[61][60][59][60][61] Produced for ₩7.5 billion, the film became a massive commercial success, selling over 11 million tickets and grossing ₩82.9 billion.[62][63][64]

Following the peak of 2013, NEW entered a period of recession in 2014. High-profile releases such as Sea Fog and the action film Big Match failed to meet commercial expectations. Recognizing this as a downturn, Jang Kyung-ik reorganized the company's internal structure to prepare for future growth.[65]

By 2016, the company experienced its most significant period of success since its inception. In the first half of the year, NEW's drama division achieved a massive hit with Descendants of the Sun, which surpassed 38% in viewership ratings. The film division saw equal success with the zombie thriller Train to Busan. Directed by Yeon Sang-ho and written by Park Joo-suk,[66][67] Train to Busan premiered at the 2016 Cannes Film Festival before its domestic release.[68][69][70][71] The film, starring Gong Yoo, Ma Dong-seok, and Jung Yu-mi, follows passengers on a KTX train from Seoul to Busan struggling to survive a sudden zombie apocalypse.[72][67] It was the first Korean production of 2016 to surpass 10 million admissions. Against a budget of $8.5 million, it achieved a cumulative worldwide gross of $98.5 million, including $80.5 million in South Korea and over $15 million in international territories.[73][74]

Studio&NEW

In September 2016, Jang Kyung-ik played a central role in establishing Studio&NEW as a subsidiary of Next Entertainment World (NEW). The company was founded to leverage the production capabilities demonstrated by the success of Descendants of the Sun and to diversify the parent company's reach into both the film and television sectors.[75][76] Jang was officially appointed CEO of Studio&NEW at the end of 2016. Following this, on June 28, 2017, NEW Chairman Kim Woo-taek appointed Park Jun-kyung to succeed Jang as the head of the parent company's Film Division, allowing Jang to focus on the subsidiary's operations.[77][78][79] Later that year, Jang unveiled Studio&NEW’s inaugural drama lineup and announced a memorandum of understanding (MOU) with the broadcaster JTBC.[80]

Under Jang's oversight, production for the historical epic The Great Battle took place from August 2017 to January 2018.[81][82] Due to a scarcity of historical records regarding the battle and the figure Yang Manchun, director Kim Kwang-sik consulted approximately 100 Japanese and Chinese publications.[83][83] Due to a lack of sources, the director just referenced sources he had and filled the gaps with his own imagination.[84] The film premiered in South Korea on September 19, 2018, with an age 12-rating.[85] It opened during one of the most competitive weeks at the 2018 Korean box office, debuting alongside Fengshui, The Negotiation, and The Nun.[86] Despite a high net production cost of 15 billion won, the film reached its break-even point, recording 4.52 million viewers by September 30.[87] Following its domestic success, the film secured distribution deals in over 32 countries[88][89]

Under Jang’s direction, Studio&NEW secured significant capital to fuel its expansion. In January 2018, the studio attracted 34.3 billion won in Series A funding from KT Skylife and other investors.[90] In early September 2019, Studio&NEW attracted Series B investment worth 22 billion won through common stock issuance. The cumulative investment amount is 56.3 billion won.[91] By early 2019, Jang’s leadership role within the parent company was reinstated when NEW Chairman Kim Woo-taek appointed him to lead the Film Division once again. Starting February 1, 2019, Jang concurrently served as the head of NEW’s film division and the CEO of Studio&NEW.[92]

Jang continued to drive high-level partnerships, including a November 2020 equity investment contract with Geumwol, a production house owned by director Park Hoon-jung.[93] In April 2021, Jang announced a long-term content partnership with Disney, establishing a pipeline for Studio&NEW content to be featured globally on Disney+.[94] In August 2023, the studio shifted its strategic focus exclusively to content planning and production. As part of this transition, Jang oversaw the closure of the actor management division, providing support to displaced employees and talent during their move to new agencies.[95]

Jang transitioned from his executive duties in 2024, serving as the Content Strategy CEO of Studio&NEW from January to April. As of May 2024, he transitioned into an advisory role for the company.

Studio Dragon

In July 2024, CJ ENM has appointed Jang as CEO of its subsidiary Studio Dragon.[96]

Filmography

Film

Feature film credit produced by NEW
Year Title Ref.
English Original
2008 Cyborg She 僕の彼女はサイボーグ [97]
2009 A Season of Good Rain 호우시절 [98]
2010 Poetry 시 [99]
Death Bell 2: Bloody Camp 고死 두번째 이야기 : 교생실습 [100]
Haunters 초능력자 [101]
Late Blossom 그대를 사랑합니다 [102]
Hello Ghost 헬로우 고스트 [103]
2011 Poongsan 풍산개 [104]
Blind 블라인드 [105]
Marrying the Mafia IV 가문의 영광4 - 가문의 수난 [106]
Unbowed 부러진 화살 [107]
Come Rain, Come Shine 사랑한다, 사랑하지 않는다 [108]
The Cat 고양이: 죽음을보는 두개의눈 [109]
2012 Dangerously Excited 나는 공무원이다 [110]
Miss Conspirator 미쓰 GO [111]
The Grand Heist 바람과 함께 사라지다 [112]
Pietà 피에타 [113]
Ghost Sweepers 점쟁이들 [114]
Love Fiction 러브 픽션 [115]
All About My Wife 내 아내의 모든 것 [116]
Love 911 반창꼬 [117]
2013 The Attorney 변호인 [118]
Cold Eyes 감시자들 [119]
Miracle in Cell No. 7 7번방의 선물 [120]
New World 신세계 [121]
The Fake 사이비 [122]
Hide and Seek 숨바꼭질 [123]
2014 Sea Fog 해무 [124]
For the Emperor 황제를 위하여 [125]
Fashion King 패션왕 [126]
Man in Love 남자가 사랑할 때 [127]
2015 Twenty 스물 [128]
Chronicle of a Blood Merchant 허삼관 [129]
The Phone 더 폰 [130]
Northern Limit Line 연평해전 [131]
The Beauty Inside 뷰티 인사이드 [132]
You Call It Passion 열정 같은 소리 하고 있네 [133]
The Tiger 대호 [134]
2016 Train to Busan 부산행 [135]
Pandora 판도라 [136]
2017 Because I Love You 사랑하기 때문에 [137]
The Mimic 장산범 [138]
2017 The King 더킹 [139]
Lucid Dream 루시드 드림 [140]
One Line 원라인 [141]
What a Man Wants 바람 바람 바람 [142]
The Villainess 악녀 [143]
Steel Rain 강철비 [144]
2018 Psychokinesis 염력 [145]
Herstory 허스토리 [146]
Believer 독전 [147]
The Great Battle 안시성 [148]
Rampant 창궐 [149]
2019 Homme Fatale 기방도령 [150]
Birthday 생일 [151]
Inseparable Bros 나의 특별한 형제 [152]
Cheer Up, Mr. Lee 힘을 내요, 미스터 리 [153]
Start-Up 시동 [154]
2020 Honest Candidate 정직한 후보 [155]
Peninsula 반도 [156]
Night in Paradise 낙원의 밤 [157]
The Call 콜 [158]
2021 Hostage: Missing Celebrity 인질 [159]
Perhaps Love 장르만 로맨스 [160]
2022 Special Delivery 특송 [161]
The Witch: Part 2. The Other One 마녀 2: the other one [162]
Honest Candidate 2 정직한 후보 2 [163]
The Night Owl 올빼미 [164]
2023 Soulmate 소울메이트 [165]
Long D 롱디 [166]
The Childe 귀공자 [167]
Smugglers 밀수 [168]
Marrying the Mafia: Returns 가문의 영광:리턴즈 [169]

Television series

Television drama credits
Year Title Network Director Production house Ref.
English Korean
2016 Descendants of the Sun 태양의 후예 KBS2
  • KBS
  • Next Entertainment World
  • Barunson Inc.
  • Descendants of the Sun SPC
 [170]
2018 Ms. Hammurabi 미스 함무라비 JTBC Kwak Jung-hwan Studio&NEW [171]
The Beauty Inside 뷰티 인사이드 Song Hyun-wook
  • Studio&NEW
  • Yong Film
 [172]
2019 Chief of Staff 보좌관 Kwak Jung-hwan
  • Studio&NEW
 [173][174]
2020 Oh My Baby 오 마이 베이비 tvN Nam Ki-hoon
[175]
Graceful Friends 우아한 친구들 JTBC Song Hyun-wook
  • Studio&NEW
  • SLL
  • JCN
 [176]
2020–2021 Delayed Justice 날아라 개천용 SBS TV Kwak Jung-hwan
  • Studio&NEW
 [177]
2021 Doom at Your Service 어느 날 우리 집 현관으로 멸망이 들어왔다 tvN Kwon Young-il
[178]
The Devil Judge 악마판사 Choi Jung-kyu [179]
2023 Doctor Cha 닥터 차정숙 JTBC
  • Kim Dae-jin
  • Kim Jung-wook
  • Studio&NEW
  • SLL
  • JCN
 [180][181]
2023–2024 Tell Me That You Love Me 사랑한다고 말해줘 ENA Kim Yoon-jin
  • Studio&NEW
  • Artist Studio
 [182]

Web series

Web series
Year Title OTT Director Production house Credited as Ref.
English Korean Planner Investor
2022 Rookie Cops 너와 나의 경찰수업 Disney+ Kim Byung-soo
  • Studio&NEW
  • The Walt Disney Company (Korea)
 No Yes [183]
2023 Moving 무빙 Park In-je
  • Studio&NEW
  • Mr. Romance
  • The Walt Disney Company (Korea)
 Yes Yes [184][185]

Accolades

Award and nomination

Award Year Category Nominee(s) / work(s) Result Ref.
APAN Star Awards 2023 Drama of the Year Moving Nominated [186]
Asia Contents Awards & Global OTT Awards 2023 Best Creative Won [187]
Best Visual Effects Won
Cine21 Film Awards
2023
 Series Producer of the Year Doctor Cha
Moving 		Won [188]
Critics' Choice Awards 2024 Best Foreign Language Series Moving Nominated [189]
Grand Bell Awards 2023 Best Series Won [190][191]

State honors

Name of country, year given, and name of honor
Country Award Ceremony Year Honor Ref.
South Korea Korean Content Awards[note 1] 2024 Order of Cultural Merit
for Contribution to the development of the broadcasting and video industry 		[192][193]

Notes

  1. ^ Honors are given at the Korean Content Awards (대한민국 콘텐츠 대상) arranged by the Korea Creative Content Agency and hosted by the Ministry of Culture, Sports and Tourism. The 2022 Korea Content Awards Ceremony, which started in 2009 and celebrated its 14th this year, aims to inspire pride in the content industry and develop the Korean cultural content industry by discovering and awarding contributors and excellent content that have contributed to the development of the content industry in 2022. It is a place to promote. The winners (works) of honor, which are recommended through the website of the Korea Creative Content Agency (www.kocca.kr) and announced through careful examination by experts and three-step verification, play a leading role in shining the Korean content industry in the world.

References

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