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Oscar Win Mints Gold for ‘Parasite’ Makers

How much is an Oscar worth?

For investors in Barunson Entertainment & Arts—the South Korean studio behind “Parasite,” this year’s best-picture winner at the Academy Awards—it’s a jackpot. The studio’s stock jumped 19% Monday. The thriller, which takes on the class divide in contemporary society with dark humor, is the first foreign-language film to win best picture. It also won best international feature film, original screenplay and director for filmmaker Bong Joon Ho.

CJ ENM,

an investor and a distributor of the film, gained 2.4% Monday.

“Parasite” producers Kwak Sin-ae and Bong Joon-ho display their awards.



Photo:

frederic j. brown/Agence France-Presse/Getty Images

“Parasite” hasn’t done as well as other nominees like “Joker” at the box office: It has grossed $165 million globally, including $35 million in the U.S., according to Box Office Mojo. But its historic victory may boost global viewership of Korean movies.

Another Asian company that made a cameo in the Oscars hasn’t done as well. Hong Kong-listed Fuyao Glass, which was featured in best-documentary winner “American Factory,” fell 3% Monday.

The

Netflix

documentary, backed by Barack and Michelle Obama’s production company, follows the Chinese automotive-glass manufacturer’s reopening of a closed

General Motors

plant in Ohio.

Write to Jacky Wong at [email protected]

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