Business
Korean Film Festival – ‘A cultural bridge between South Korea and SL’
The Korean Film Festival, now underway at the PVR Cinemas in Colombo, is more than a cinematic showcase — it’s a cultural bridge between South Korea and Sri Lanka, according to Korean ambassador to Sri Lanka, Miyon Lee.
Speaking to The Island Financial Review at the opening ceremony on Thursday ambassador Lee expressed hope that the event will spark greater appreciation for Korean entertainment and encourage lasting cultural exchanges.
“This Korean Festival will be able to bring Korean films, Korean entertainment and Korean arts to Sri Lanka. We hope that we will be able to have more cultural exchanges between Sri Lanka and Korea, ambassador Lee said.
The festival features two films — ‘Extreme Job’, a wildly popular action-comedy and ‘Myeongyang: The Roaring Currents’, a historical epic that depicts Admiral Yi Sun-sin’s legendary 16th-century naval victory. While modest in scale this year, the ambassador said the intention is to grow the event in the future.
“No, unfortunately this time it was very difficult to bring a lot of films. So this time we are going to have only one each, two films, she explained. “But we hope that now you have a very large scope of movie filmgoers and that PBR or Scope will be able to bring more Korean commercial and entertainment movies to show to the Korean–Sri Lankan filmgoers.”
Ambassador Lee, a self-professed history enthusiast, shared her personal appreciation for both films in the line-up.
“My favourite movie among the two? I love both of them. ‘Myeongyang’ is kind of a history mania, so I love all the history movies, she said. “Extreme Job is a really hilarious film — a police officer working undercover finally catches the drug dealers. It’s fun, full of emotion, drama, love stories and family morals. Our entertainment is not only about action — there’s meaning and universal messages for families and gatherings.”
The Korean entertainment industry, now a global force, did not emerge overnight, ambassador Lee emphasized. It grew through a mix of government support, global exposure and investment in talent and technology.
“The Korean entertainment industry did not develop in a short period. It has been developed with a lot of support from the people, the government, and also with talented Korean people going abroad, studying high-tech filmmaking techniques and expertise, she said. “They brought back a lot of content that is now enjoyed not only in Korea but also universally.”
When asked about Sri Lanka’s potential in film and entertainment, ambassador Lee acknowledged the country’s growing industry and highlighted the role of regional collaboration.
“There have been a lot of activities to bring in different Asian cultures and filmmakers to Korea. Korea annually hosts the Busan International Film Festival, which encourages a lot of Asian films that we never experienced before, she noted.
Beyond cinema, the ambassador underscored the multi-dimensional nature of Korea’s cultural outreach in Sri Lanka.
“Not only the films, but we also try to bring and introduce Korean cuisine, Korean dramas, K-pop, taekwondo and sports, she said. “Film is only one part of the activities that we do here in Sri Lanka. I want to meet and satisfy the eagerness and the demand for experiencing Korean culture here.”
Ambassador Lee also addressed the global success of Korean dramas, often referred to as K-dramas, which have captivated audiences from Latin America to the Middle East and beyond.
“Korean dramas are very popular worldwide. In Sri Lanka, we can really promote it more. But it takes effort, infrastructure, and importantly, government and industry support.”
She noted the potential for future collaborations between the Sri Lankan and Korean creative sectors and expressed optimism about deepening these ties.
“This is just a glimpse of Korean films. I hope that we’ll be able to import more Korean films here to be shown to a broader base of the Sri Lankan public. We have very excellent Korean directors, very international, the ambassador explained.
She cited the recent international visibility of Korean filmmakers, including the work ‘Mickey 17’ by acclaimed Korean director Bong Joon-ho, as an example of Korea’s growing global stature in entertainment.
As the Korean Film Festival continues this week at Scope Cinemas, audiences are expected to engage with a blend of laughter, action, history and humanity — the hallmarks of Korean storytelling.
By Ifham Nizam ✍️
Business
SLAF, Aviyana Ceylon partner to elevate high-end sports tourism with Eagles’ Monsoon Cup 2026
Aviyana Ceylon, Sri Lanka’s upcoming ultra-luxury seven-star hospitality project, has stepped decisively into the country’s high-end sports tourism space by coming on board as the principal sponsor of the prestigious Eagles’ Monsoon Cup Golf Tournament 2026, in partnership with the Sri Lanka Air Force (SLAF).
The international-standard golf tournament is scheduled to be held on January 11, 2026, and is expected to attract diplomats, corporate leaders, high-net-worth individuals and overseas golfers, reinforcing Sri Lanka’s positioning as an emerging premium leisure and sporting destination.
Under the patronage of Aviyana Ceylon chairman, Dr. Thisara Hewawasam, the company has committed a Rs. 2.5 million sponsorship, marking one of the most significant private-sector investments in elite golf events in recent years.
The sponsorship was formalised at a ceremonial cheque handover held at the Sri Lanka Air Force Headquarters, where Dr. Hewawasam officially handed over the cheque to Commander of the Air Force, Air Marshal Bandu Edirisinghe.
“Our decision to support the Eagles’ Monsoon Cup goes beyond sport. It is a strategic investment in positioning Sri Lanka as a global luxury tourism and lifestyle destination, Dr. Hewawasam said.
“International sporting events with strong networking potential play a critical role in shaping perceptions, attracting premium travelers and enhancing the country’s brand equity. Aviyana Ceylon is committed to supporting platforms that elevate Sri Lanka’s global standing, he added.
Senior SLAF officials, including chairman, Eagles’ Golf Links, Air Commodore Erandika Gunawardhana, secretary of the Air Force Sports Council and Director Media, Group Captain Eranda Geeganage, Secretary of Eagles’ Golf Links, Group Captain Asanka Ratnayake and SLAF Golf Secretary, Wing Commander R.A.S.T.A. Fernando, along with Aviyana Ceylon representatives and invited guests were present at the event.
Air Marshal Bandu Edirisinghe welcomed the partnership, noting that collaboration between the military and private sector is vital in developing sports diplomacy and tourism-led economic activity.
“Eagles’ Monsoon Cup has evolved into a premier sporting event that brings together global and local stakeholders. The support extended by Aviyana Ceylon strengthens our ability to host events of international calibre and contributes meaningfully to sports tourism and national image-building, the Air Force Commander said.
Beyond the golf tournament, the partnership opens the door to new experiential tourism initiatives, including a proposed collaboration to offer luxury helicopter tours for Aviyana Ceylon’s clientele, operated in coordination with the Sri Lanka Air Force.
According to Dr. Hewawasam, the concept aims to provide discerning travelers with exclusive aerial experiences showcasing Sri Lanka’s landscapes, coastlines and heritage.
“Luxury heli-tours represent a new dimension in experiential tourism. They allow us to present Sri Lanka’s natural beauty from a unique vantage point, appealing to high-value travelers seeking privacy, exclusivity and unforgettable experiences, he said.
Industry observers note that such initiatives align with global trends where luxury hospitality brands integrate sports, aviation and curated experiences to differentiate destinations and increase average tourist spend.
The Eagles’ Monsoon Cup is widely regarded as one of Sri Lanka’s most elite sporting events, functioning not only as a golf tournament but also as a high-level networking platform linking diplomacy, business and leisure.
By Ifham Nizam
Business
‘Tea industry largely spared cyclone damage’
Reports received by us from tea brokers, the Colombo Tea Traders’ Association (CTTA) and other sources indicated that, by and large, the local tea sector has been spared by the recent weather havoc.
The CTTA in their recent communications said that although Cyclone Ditwah affected parts of Sri Lanka, production, sales, and exports of tea continued without interruption. Clearly, the report said, the well established and highly coordinated industry network was fully geared to confront these issues. Production and sales continued with least disruption . While some tea growing areas in Uva, and the Central Province experienced some impact no loss in manufacturing capacity was reported.
Damage was largely confined to specific roads, resulting in temporary disruptions to transportation. Some key routes connecting plantations to the city have now been reopened and transport services are resuming normal operations. Harvesting operations are gradually returning to normal with access roads being reopened and temporary roads have been constructed to facilitate transport of green leaf to manufacturing locations.
The tea small holders we met said, although their production routine was affected, quick return to normalcy was ensured thanks to the established Tea Small Holders’ Association whose action ensured speedy return to normalcy. They reiterated production was near normal; and the dismal situation was now in a controlled position. They assured that such losses were minimal and could be recouped with minimum delay.
The CTTA further said the majority of plantations and small holder lands in the South of the island were spared cyclone damage. Harvesting, manufacturing and transportation activities are continuing as usual.
Trading activities at the Colombo Tea Auctions continue to be held although with a revised calendar. The tea auction previously set for the 1st week December has been rescheduled for the last week December. This adjustment ensures uninterrupted financial flows to the producers , including small holders, maintaining the momentum of the industry.
Forbes and Walker Tea Brokers reported a national tea sale average for November of Rs. 1137.22 ( USD3.89) which shows an increase of Rs.61.17 and USD 0.02 YOY. The total National Sale Average for the year 2025 ( to date) was recorded at Rs. 1,164.97( USD 3.88). a decline of Rs . 63.49 ( USD 0.17) against the corresponding year’s average of Rs. 1228.46 (USD4.05). The report further said all elevations recorded negative variances during the period January to November 2025 in comparison to the cumulative corresponding year of 2024 in both LKR and USD terms.
By Steve A. Morrell
Business
Elephant House Ice Cream marks historic launch in Australia
Ceylon Cold Stores PLC (CCS), a subsidiary of John Keells Holdings PLC, has launched its iconic Elephant House Ice Cream in Australia, marking a bold step in the brand’s global expansion. The official unveiling took place on 4th December 2025 at the Novotel Melbourne Glen Waverley, where industry leaders, local distributors, and strategic partners gathered to celebrate the occasion. The launch was further honoured by the presence of Ms. Pradeepa Seram, Consul General Designate of Sri Lanka, and Ms. Cassandra Fernando, Member of the Australian Parliament, reflecting the deep and growing connections between Sri Lanka and Australia.
Elephant House is one of the highest-penetrated Sri Lankan brands among Sri Lankan communities living overseas, with a presence in 16 countries, including the Maldives, Australia, and the United Kingdom, among others.
In a significant milestone for the company, Elephant House Ice Cream is now manufactured locally in Melbourne to support wider availability in the ethnic market in Australia. The range currently available includes Vanilla, Karutha Kolomban, and Fruit and Nut in 500ml packs. This marks the first time in CCS’s 150-year legacy that Elephant House Ice Cream has been produced outside Sri Lanka, signalling a new chapter in the company’s international growth journey in collaboration with Millennium Imports Pty Ltd, it’s one of the franchise partners for Australia.
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