Korea Film Council Plans to Nurture the Local Movie Industry
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From 2011, part of the price of a ticket to a Korean film will help fund the making of new films. Three percent of box-office sales, which is around W30 billion a year, goes to the Korean film development fund, and half of the proceeds going to the fund will be redistributed to film-makers.
The Korea Film Council on Wednesday announced a plan to promote the film industry. The new system will be introduced in 2011, and when predicting the market share of Korean films at 50 percent, about W7.5 billion will be redistributed. The Korea Film Council will also form another W100 billion fund by 2012 to export Korean films to the global market.
The Korea Film Council also announced its plan to develop the "3D" market, encompassing digital downloading, DVD, and documentary markets, until 2012. The council aims to grow the annual legal downloading market to W200 billion, and revive the currently dying DVD market from its current W250-billion value to W600 billion by 2012.
The Korea Film Council on Wednesday announced a plan to promote the film industry. The new system will be introduced in 2011, and when predicting the market share of Korean films at 50 percent, about W7.5 billion will be redistributed. The Korea Film Council will also form another W100 billion fund by 2012 to export Korean films to the global market.
The Korea Film Council also announced its plan to develop the "3D" market, encompassing digital downloading, DVD, and documentary markets, until 2012. The council aims to grow the annual legal downloading market to W200 billion, and revive the currently dying DVD market from its current W250-billion value to W600 billion by 2012.
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