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Korean War Flick Raises W500 Million from Crowdfunding

2016/03/31 | Permalink | Source

A movie featuring Liam Neeson about the Incheon Landing during the Korean War has attracted W500 million in crowdfunding (US$1=W1,148).

If all goes well, "Operation Chromite" will be released later this year.

It tells the story of intelligence officers in a spy operation during the landing, with Neeson appearing as Gen. Douglas MacArthur.

This is the first time that a Korean film production has attracted money through stock-type crowdfunding which gives investors a slice of the profit, however small.

The Financial Services Commission on Wednesday said the producers attracted 288 investors in just seven days and met their target of W500 million.

Investors will receive a 5.6-percent profit after the break-even point of 5 million viewers.

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