About KOFIC. Relocation of KOFIC. Raising Film Development Fund. Introduction of KOFIC

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Korean 영화진흥위원회

Korean Film Council

Introduction of KOFIC About KOFIC Established in 1973, Korean Film Council (KOFIC) is a special organization, entrusted by the Ministry of Culture, Sports and Tourism, Republic of Korea, aiming to support and promote Korean films. KOFIC is composed of nine commissioners, including one fulltime chairman and 8 committee members, appointed by the Ministry of Culture, Sports and Tourism in order to discuss and decide main policies related to Korean films. Relocation of KOFIC By the government s plan for public sector relocation and balanced regional development, KOFIC headquarters will be relocated to Busan by end of 2013. Future address of KOFIC is 1466-4, Woo-dong, Haeundae-gu, Busan, located right next to Busan Cinema Center. Raising Film Development Fund Since July 2007, KOFIC has raised and managed Film Development Fund, approximately USD430 million in total, to promote and support the Korean film industry. The fund is financed by the government with USD172 million, and USD172 million from the box office ticket sale allotment and USD 86 million from leftover fund in previous years. The 3% allotment from the ticket sales is temporarily applied between July 1, 2007 and the end of 2014. 1

2 Supporting Korean Film Production Supporting Korean film Production In order to stimulate original and innovate production, KOFIC provides support programs for Korean films such as independent film support program, labor costs support program, and accumulative support for Korean films released. Independent film support program provides the production cost for independent feature film, short films, and documentary films with a certain budget. Labor costs support program is a program that partially helps labor costs for staffs in the production, and accumulative support for Korean films released is a program that supports R&D for the next film by the box office result of a film. Supporting R&D of Korean Films KOFIC runs an online screenplay market to provide original and new ideas with the industry and opens various contests for animation screenplay, scenario done by writers and scenario dealing with Korean traditional culture. Writers can register their works the online screenplay market (www. scenariomarket.or.kr) and sell those to investors or producers. KOFIC selects outstanding works among those and provides a mentoring program to writers and supports an adaptation fee to the writers as well. In addition, KOFIC supports R&D costs to mid-size production companies with potential but having difficulty of financing R&D costs. Supporting Diverse Films and Art house To support art house films and independent films and secure the cultural right of the audience to enjoy diverse cultural experience, KOFIC supports cinemas specializing in screening art house films, independent films and cinematheque. To do so, KOFIC supports 25 art houses nationwide and a cinematheque in Seoul, also directly operates and/or supports 3 cinemas for independent films in Seoul. Besides that, KOFIC supports special screenings arranged by local organizations to provide opportunities for the local audience to watch diverse films.

Supporting Korean Film Production 4 Supporting Release of Diverse Film and Korean Animation KOFIC supports the release of diverse films like art house films, independent films, documentary films and animation films. In addition, KOFIC supports the release and screenings of Korean animation films in foreign countries. Promoting Campaign for Downloading Service As the film market is shifting to the digital environment, KOFIC fosters the ancillary market by establishing a distribution platform for copyrighted online cinema contents. The Ancillary Market Distribution Management System is designed to help the online distribution process by promoting the legal download service via web servers and to build a public online portal site allowing people to access the download service easily. Furthermore, KOFIC promotes a campaign with a catchphrase Be a good downloader for legal download service to the public. Good downloader is a person who legally downloads contents from online platform in realizing of the right of creators and knowing well that contents should be protected. Making Investments on the Industry Cinema Fund has become seed money for various investment funds for Korean films and plays a critical role in Korean film production. KOFIC has invested about USD8.9 million on cinema funds every year to stabilize the Korean film industry. KOFIC has invested USD43.1 million on 602 films in last 12 years. 3

Supporting Global Business Supporting Export of Korean Films KOFIC supports Korean films and filmmakers attending international film festivals. KOFIC runs a booth at film markets to boost sales of Korean films and supports marketing activities of Korean sales companies. KOFIC also helds Korean Film Night reception to promote Korean films at major film festivals. In addition, KOFIC supports special screenings of Korean films arranged in foreign countries. International PR for Korean Films KOFIC runs offices in USA and China to use as a post for international PR and runs an English website (www.koreanfilm.or.kr) and has published a number of books and magazines in English (Korean Cinema, Who's Who, Korean Cinema Today). KOFIC runs an online business center, KOBIZ, to provide one-stop service for international PR for Korean films, and information of foreign markets and news for co-productions and exports of Korean films. Supporting International Co-productions KOFIC supports co-production projects in its development stage through the Coproduction Development Support program. Selected projects by regions will be supported with script doctoring and mentoring for its development. The program is constituted as an one-stop process from script development to consultation and bizmatching for finding its co-production partners or financiers. KOFIC also newly starts the Co-production Incentive in 2012 for the films, which Korea and foreign country has co-produced. In addition, KOFIC opened Film Business Center in Beijing, China to provide spaces for Korean producers to help them develop their coproduction projects with China.

Supporting Global Business Shoot in Korea 25% CASH REBATE on production costs Experience KOFIC s NEW incentive program, The Foreign Audio-visual Works Production Grant For more details, please visit www.koreanfilm.or.kr shoot in korea 미광고 최종.indd 1 2011.4.28 6:46:35 PM Providing Location Incentive KOFIC offers 25% cash grant incentive on foreign audio-visual works that took location in Korea. To be eligible for the incentive, a feature film or TV series must be shot more than 10 days in Korea, spend more than KRW 1 billion (approx. USD 900 thousand) and be produced by a foreign production company, in which their participation for the capital should exceed 80% of the total. Global Forum for Financing International Co-productions KOFIC holds Global Forum (tentatively named) at the Busan International Film Festival to provide opportunities of international financing for the Korean coproduction projects. International industry professionals in the film business will be invited for presentations, seminars and 1:1 meetings with the co-production producers. A fam-tour program for the foreign guests to visit post-production studios and famous location spots will also be prepared. 5

6 Research and Building Infrastructure Operating Box Office Management System KOFIC operates Box Office Management System to provide fast and accurate box office information and create a better and fair distribution environment for the industry. With this system, KOFIC collects ticket sales information from cinemas in nationwide and provides box office information in real time. Research and Cinema Policy KOFIC supports various researches and studies to help Korean film industry by providing proper policies and alternative solutions for Korean cinema. KOFIC develops mid-term promotion strategies for Korean cinema and evaluates business and outcome of the industry. KOFIC also provides vital information in the form of statistics, analysis and publications in order to research and develop new policies and publishes Korean Film Yearbook, Korean Film Scenario Collection, Journals and Industry Reports. Korean Academy of Film Arts (KAFA) Korean Academy of Film Arts was established in 1984, aiming to provide quality education. KAFA offers 5 courses in film directing, producing, photography, scenario, and animation directing. In 2009, KAFA opened a production research course and has directly produced 4 feature films each year and those films have been introduced and acclaimed at major international film festivals. Named as Military School of Korean Cinema, KAFA has introduced more than 500 talents to the industry such as IM Sang-soo, BONG Jun-ho, KIM Tae-yong, CHOI Dong-hoon, and more, who led the second renaissance of Korean cinema in the late of 1990s. Korean Film Council

Research and Building Infrastructure7 Supporting Cinema Technology KOFIC puts its efforts on developing and disseminating core cinema technologies, including 3D, by running a program called Moving School for Digital Technology, visiting schools and institutions to update the current status of the technology. In addition, KOFIC leads the future visual technology of Korea film industry by setting cinema technology standardization and offering a test for Industrial Engineer Projection. KOFIC Studios in Namyangju KOFIC Studios in Namyangju features state-of-the-art film production services and facilities. It consists of indoor studios (1 large, 2 medium, 2 small and 1 special photography, for a total of 6 studios), outdoor sets, recording studio, developing room, CG room, and Telecine room. Open sets in KOFIC Studios and Social Contributions Open sets and theme parks in KOFIC Studios are open to the public. Taking advantage of the infrastructure in the studios, KOFIC provides programs such as cinema camp, media education, media-experience education and hands-on programs for the minority.

Research and Building Infrastructure Supporting Human Resources and Improving Working Environment KOFIC offers an education/training incentive system to staffs during their off-production time. The system aims to offer a professional education program to staffs and support them with unemployment salary. KOFIC provides special education programs about acting, directing, lighting, editing, CG, and copyrights to staffs and professionals in the field. And it also runs an information system for people in the field, to certify careers and introduce a standard employment contract to secure staffs living and meet demands from the field. Supporting Film-Related Organizations KOFIC supports film-related communities and institutions to promote the cinematic culture and secure its independence. Not only their research works and projects on the industry, but education programs and film festivals, events, international exchange for continuing relationships with markets abroad. Improving Condition for the Disabled To provide a better condition for the disabled, KOFIC supports cinema facilities and equipments for making subtitles and dubbing programs. KOFIC also runs Cinema on Wheel, a special program which visits a remote town or social welfare institutions to give them an opportunity to watch films. Supporting Visual Media Education KOFIC opened Seoul Visual Media Center to promote the activities of citizens and students. The center provides various classes for theory for media production and making independent film. The center also provides special educational programs for people in prison, military, the handicapped, seniors, and migrant communities and lends equipments to the local media centers.

Korean Film Council 206-46 Cheongnyangni-dong, Dongdaemun-gu, Seoul, 130-010 Korea Website www.kofic.or.kr E-mail webmaster@kofic.or.kr Tel 02-9587-500