Seoul to further boost content, 'hallyu' in 2020 after BTS, 'Parasite' win big
CultureMar 5, 2020
After historic global successes by South Korean movie "Parasite" and K-pop band BTS, South Korea will focus on further nurturing local creativity and the global sales of Korean cultural content in 2020, the culture ministry said Thursday. To meet the policy direction, the Ministry of Culture, Sports and Tourism will pour a total of 1.69 trillion won ($1.42 billion) into assistance funds to help local content creators better finance their projects, including an 80 billion-won venture