With Dada Chen at NYAFF 2013

With Dada Chen at NYAFF 2013
With Dada Chen at NYAFF 2013

Friday, March 01, 2019

South Korean financial drama DEFAULT is now available

CJ Entertainment
Default / Gukgabudo-ui Nal
Directed by CHOI Kook-hee
South Korea, 2018, 114 minutes

Default, takes a look back at a difficult time for South Korea – the 1997 Asian Financial Crisis. It is directed by CHOI Kook-hee, who was awarded the Best Debut award at the Fantasia International Film Festival for his feature debut in 2016, Split. In Default, CHOI presents an enthralling storyline and a sense of emotional connection to a time when the country was on the verge of bankruptcy. The film was recently released on Amazon, iTunes, and Google Play.

Default begins with Si-hyun (KIM Hye-soo), the monetary policy manager at the Bank of Korea, predicting a massive national financial crisis and reporting it to the Director. The Director doesn't schedule an emergency summit until 10 days later but does it without notifying the public of the situation. Si-hyun urges for the crisis to be announced in order to warn people of the looming disaster, but her plea is ignored. The summit is held behind closed doors.

Jung-hak (YOO Ah-in), a financial consultant, notices Korea is suddenly hemorrhaging foreign funds, and he learns the reason is that international finance firms have ordered an all-out investment withdrawal from the country, which has caused the credit rating to plummet. He hands in his resignation and decides to play the odds on what he’s sure is a coming crisis. He secretly starts gathering investors willing to do the same.

Gap-su (HUH Joon-ho), a family man who runs a small tableware factory, has a big break and wins a contract with a department store. The fact that the price settlement terms equal to little more than a promissory note concerns him only briefly, and oblivious to the looming financial upheaval, Gap-su signs the contract. The Managing Director of IMF (Vincent Cassel) comes to Korea just one week before the country goes bust, and that is when those who try to prevent the crisis, those who seek to take advantage of it, and those only trying to protect their livelihood are caught in the wake of a national bankruptcy.

Default stars KIM Hye-soo (Tazza: The High Rollers), YOO Ah-in (Veteran), HUH Joon-ho (Silmido), JO Woo-jin (The King), and Vincent Cassel (Jason Bourne).

This film, produced by Zip CInema, is distributed by CJ Entertainment. The cost is $15.99 to purchase High Definition (HD), $11.99 to purchase Standard Definition (SD), $4.99 to rent High Definition (HD), and $3.99 to rent Standard Definition (SD).

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