A group of Korean film companies has committed to move to the city of Paju, outside of Seoul. A total of 18 production companies will move to a 170-acre stretch of land being developed in Paju, located 20 miles northwest of Seoul. The city, located close to the North Korean border, has been branded "Book City" thanks to a similar zone that has attracted many book publishers. The new development is expected to be completed by 2008.
Companies making the move include top production houses Sidus FNH, MK Pictures, iFilm Corp., LJ Film, Kim Ki-duk Film, Moho Films (headed by "Old Boy" director Park Chan-wook), and Chungeorahm, producer of blockbuster hit The Host. They will be joined by 56 publishers and 26 printing firms.
Cha Seung-jae, the CEO of Sidus FNH who was this year voted by film magazine Cine21 the most powerful figure in the film industry, is part of the committee overseeing the new zone.
Paju already houses the studio complex Art Service, and has become a trendy area for many filmmakers and artists to live.
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