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Korean Director Kim Ki-duk’s ‘Arirang’ wins prize at Cannes

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World renowned Korean film director Kim Ki-duk’s wrenching movie “Arirang,” has won the top prize for the “Un Certain Regard” category at the 64th Cannes Film Festival on Saturday.

The film Arirang, which is described as a self-portrait that Kim not only wrote and directed but also acted in, reportedly received a standing ovation from the approximately 2, strong audience when showcased during the festival.

Kim won the best director’s prize at the Venice and Berlin film festivals for “3-Iron” and “Samaria,” respectively, in 2004.

Meanwhile, the top prize for the 64th Cannes Film Festival went to “The Tree of Life,“ film by the American director and writer Terrence Malick.

A major state-run think tank Sunday sharply raised its 2011 inflation outlook for South Korea, calling for the nation‘s central bank to actively seek to normalize its prolonged low borrowing costs to help stabilize prices.

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Via The Hankyoreh

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