Pinterest
NewsLetter DailyWeekly
 
My HanCinema | Sign up, Why ? Your E-mail   Password    Auto| Help
HanCinema :: The Korean Movie and Drama Database, discover the South Korean cinema and drama diversity Contact HanCinema HanCinema on TwitterFaceBook HanCinema PageHanCinema on Twitter

POIBOS regularizes the export of culture content by attracting foreign capital

2005/11/13 | 485 views | Permalink | Source

According to POIBOS (CEO Im Seong-geun) on Nov 9, it attracted 8 billion won of foreign capital to produce Hallyu culture content.

This attraction of foreign capital can be exercised after one year as it is the BW (bond with warrant) by the way of foreign subscription. It is due on 15th Nov. 2010, of which expiration interest is 3%, and it will be managed by Shinyoung Securities Co.,Ltd.

POIBOS is going to make four to five TV series and two to three movies to regularize the export of Hallyu culture content. The sales are expected to be around 100 billion won which would be three to four times more than this year.

POIBOS took over Culture Cap Media recently that is going to produce TV series and movies with home well-known players under its daughter company GM Entertainment. A Hallyu icon, actor Song Seung-heon, will appear in those works after he comes back to the entertainment world.

CEO Im said, "It is highly evaluated in Japan and East-south Asia that TV series "Sad Love Story" and its recent work "Princess LuLu" showed POIBOS' potential growth and profits possibility on drama production". And "Series and Hallyu content business in the future by POIBOS will be strengthened", added he.

POIBOS raised the sales of about 5 billion won only at home from "Princess LuLu" co-poduced with Kim Jong-hak Productin Inc. and it led to conclude a copyright contract in 940 thousand dollar with Hong Kong Star TV.

The Source : Koreacontent News Team

Attention You're reading the news with potential spoilers, make them spoiler free, dismiss


 

 

 Previous news
  • Lee Byung-hun made the contract with Hollywood's biggest agency
    2005/11/13 (Source)
    It was confirmed on Nov. 11 that Actor Lee Byung-hun concluded the exclusive contract with the US biggest agency, Creative Artists Agency : CAA). The Client Information Dept. of CAA said on Nov 11 that Lee is a new client, who will be taken care of by Jenny Rollings.

    The phone call with Jenny Rol,...
    More

  • Sandra Oh Wins Diversity Awards
    2005/11/13 (Source)
    Korean-American actress Sandra Oh has won an award from a Hollywood organization that aims to foster cultural and intellectual diversity in the film industry. Oh won the Multicultural Motion Picture Association's Diversity Awards in the "Creative Liberty" category.

    The actress caught attention wi,...
    More

  • Small-Budget Filmmaker Attracts Big Interest
    2005/11/13 (Source)
    Kang Yeong-man, whose name is in the Guinness Book of Records for making the film with the lowest budget ever to go on release in the U.S. -- US$980 -- is attracting lively interest for his latest movie. Following the ultra-low budget "Cupid's Mistake" in 2000, Kang's "The Last Eve" caught the eye o,...More

Subscribe to HanCinema Pure to remove ads from the website (not for episode and movie videos) for US$0.99 monthly or US$7.99 yearly (you can cancel anytime). The first step is to be a member, please click here : Sign up, then a subscribe button will show up.

Settings

Remove ads

Sign up

Sharing

Activate

Spoilers

Visible, hide

Drama of the week

Learn to read Korean in 90 minutes or less using visual associations