Multiplex for Koreatown

South Korea's CJ CGV chain (actually CJ CGV America Holdings) plans to open a 648-seat, three-screen theater near Western Avenue in November. In the works for more than two years, the multiplex will show mostly Korean and American movies. "We're going to increase our competitive power with a small but high-qualified boutique theater," Park Yong-gil, president of CJ CGV America Holdings told Variety. One or two more theaters are planned for Socal, and there's talk of expanding the chain to other U.S. cities. Korean financing is behind the effort.