Korean Cinema Chain CGV Weighs IPO of Its Theater Effects Unit

South Korean cinema chain CJ CGV Co. is considering an initial public offering of its CJ 4DPlex theater-technology affiliate.

The discussions are at an early stage and CJ CGV hasn’t yet committed to a timeframe, nor the amount of capital it would seek to raise in a listing.

“This may be a strategic option that we may consider in the mid-to-long term, but we are not pursuing anything specific at this time,” the company said in a statement.

CJ 4DPlex licenses its technology to theaters. Its products include 4DX, which allows for effects such as moving seats, special scents and ...