Will this be a source of new energy for the Korean film industry, or a new era in which it will have to compete with Hollywood's studio system in making Korean-language films? Fox International Production (FIP), part of the 20th Century Fox Entertainment group, has declared it is officially entering the Korean film production market. FIP was established in 2008 to invest in, produce and distribute local language films in major territories around the world. Simply put, this means that a major Hollywood film company will be making Korean-language films in Korea. Dohoon KIM met with FIP's Korean Creative Executive Paul HUH to talk about their plans. After studying finance in New York, Huh started working in the Korean film industry first at MK Pictures's international sales team and later became a producer.
HUH: Of course there will be people who think that. But, I don't think Hollywood capital will snatch away market share from the Korean market. It is here to make money, but aside from making a profit in the limited market of Korea, our goal is also to use Fox's distribution network to introduce these films to the global market, increase their gross and expand their opportunities to meet with audiences. In addition, just in the way Fox discovered director Timur Bekmambetov "Night Watch" in Russia and took him to Hollywood, it will be able to discover good directors and actors in Korea to launch in Hollywood, too.
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