Korea, China to set up W200b joint movie fund
FilmApr 4, 2014
Korea and China will set up a 200 billion won ($189 million) fund next year to invest in coproductions of movies, TV programs and other cultural content.According to a plan reported to President Park Geun-hye on Friday as part of a blueprint to boost the country’s creative content industry, the two countries will each contribute 100 billion won to the fund. Some of the money will be raised from private investors, with the government contributing the rest. Officials at the Culture Ministry in Seo