SEOUL -- Investment company nTorino Corp has announced the $2 million pre-sale of Korean film "Sookmyeong" to Japan's Formula Entertainment.

Pic stars well-known actors Kwon Sang-woo and Song Seung-heon, considered two of the key faces of the "Korean Wave" given their success in TV dramas and film. Actor/helmer Kim Hae-gon ("Between Love and Hate") directs. The sale is by far the highest price recorded for a Korean film export in 2007. In the first six months of the year, the total value of 148 sales deals added up to only $7.5 million.

Nonetheless, the figure is well below that of the sums paid when the Korean Wave was at its height in 2005, when a single film with a name star could fetch upwards of $4 million. Shooting on the pic, which focuses on the tangled destiny of four friends, is 50% complete.

© Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

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