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KOFIC and UK Film Council Announce Deal

2007/10/17 Source

In an important pact between the two countries, the UK Film Council and its Korean counterpart KOFIC signed a Co-Distribution Agreement during this year's Pusan International Film Festival. Beginning in November 2007, distributors of UK and Korean films will be eligible for print and advertising support in each other's territories.

The reciprocal agreement is designed to diversify the range of films available to UK and Korean audiences by supporting distribution and promotion. KOFIC will create a US$200 000 fund to support prints and advertising costs of UK films distributed in Korea over a two year period. The UK Film Council will reciprocate with the same level of support for Korean titles.

The first two years of agreement will allow the two countries to exchange data and measure the market potential within each other's territories. Korea currently has the fifth largest theatrical market in the world and one that is still growing, making it a highly sought after export territory.

UK films released in Korea include The Queen, Creep, The Wind that Shakes the Barley, Hotel Rwanda, Mother, and The Constant Gardener. Korean films that have had a UK release include Park Chan-wook's "Old Boy" and "Sympathy for Lady Vengeance", along with "Chihwaseon", "Take Care of My Cat", and Kim Ki-duk's "Spring, Summer, Fall, Winter... And Spring".

Nigel D'Sa (KOFIC)

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