CJ CGV announced its plans to become a global company earlier this year and its first step abroad based on its management and service know-how in Korea will be made soon.  CJ CGV signed an agreement to establish a joint company with Shanghai Film Group, the leading national film company of China, in February 2006 for the multiplex business and will be opening the first theater abroad called “Shanghai CGV” on October 22, 2006.
“Shanghai CGV,” the first international advancement of Korea-based theater brand, will be located at Daning International Commercial Plaza, a grand-scale government project in the heart of the fast-growing Jaibei District.  It has six theaters, including one VIP Theater, with a total of about 1,000 seats.  China rates theaters as hotels and ‘Shanghai CGV’ was recognized as the highest five-star theater.  The VIP Theater is similar to Korea’s Gold Class and has 38 seats.  It offers premium facilities and luxurious services just as the first-class seats on airplanes.
“I am very happy that we are opening the first CGV in China, the land of infinite potentials to grow,” says President Dong Ho Park of CJ CGV.  “Based on CGV’s advanced management and service know-how, it will make a new-concept theater that is distinguished from all other theaters in China.  We are planning to further our steps to establish more CGV throughout China and in other parts of the world.”