The sequel to Korea's biggest-ever box office hit "The Host"
was chosen as a national project for technology funding of up to W1.9 billion over the next two years (US$1=W1,241). The Korea Culture and Content Agency on Tuesday picked "The Host II" among eight candidates as recipient of funding from the agency's global project this year.
According to officials at the KCCA, the candidates were picked based on the technical ability of filmmakers, and the funds will be used not to cover the production cost but to develop cinematic technology for the film over the next two years.
The first movie drew 13.01 million spectators in Korea alone when it was released in 2006, was also success in the U.S. and China. "The Host II" has already secured W6 billion of investment toward the production costs from Singapore. It will be a good opportunity to prove Korea's high level of cinematic techniques. The team producing the film is currently working on the screenplay and aims to release it in 2011.