Since the THAAD thing, SK entertainment industry cannot tell the story about enter China market hence their estimate value shrinks.
So that US capital took the control easily, and of course the finance bro ask to lowering the cost.
Thus Hengdian + Taobao are dominating SK film industry, most of the production fee for sets and props are spent in China.
SK only got cast fee for themselves (excluding Hengdian's background actor fee)
That is exactly how multinational behemoths swallow up local industry.
But in this case, China and USA actually were competing on security issue in the East Asia however resulted in South Korea’s vibrant media industry has gradually come under the control of Chinese and American investors.