‘Parasite’ favored to win at least one Academy Award

The South Korean hit movieParasite’,…
which won the Palme d’Or at the Cannes Film Festival,… is dazzling audiences in the
United States. The buzz around the film in the U.S. has many
pondering if ‘Parasite’ could add an Oscar or two to its already expanding backlog of
accolades. Lee Seung-jae reports. The South Korean film industry celebrated
its 100th anniversary this year. Despite its century-long history,… no South
Korean film has ever been nominated for an Academy Award. However, this might all change with South
Korean director Bong Joon-ho’s ‘Parasite’,… which won the Palme d’Or at the Cannes Film
Festival earlier this year. Having won the Filmmaker Award at the Hollywood
Awards,… and setting box office records for a foreign film in the U.S., watchers say
‘Parasite’ has a chance to win not just one, but multiple awards at next year’s Oscars. ‘Parasite’ has the best shot at winning the
Academy Award for Best International Feature Film,… formally known as Best Foreign Language
Film prior to the upcoming award ceremony in 2020. The film is expected to go up against the
Spanish drama, ‘Pain and Glory’, directed by Pedro Almodovar. However, critics say ‘Parasite’ could capture
even more awards,… such as Best Story, Best Director and Best Cinematography. Experts say,… if ‘Parasite’ wins one Oscar
or more,… the success will pave the way for South Korean movies to penetrate film
markets around the globe. “The economic value of South Korean films
would be higher in overseas markets. South Korean film companies and filmmakers
would also enjoy greater advantages in markets around the world.” The nominations for the Academy Awards will
be announced on January 13th. The ceremony itself will take place in Los
Angeles on February 9th. Lee Seung-jae, Arirang News.

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