Overseas film event budget grows

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Overseas film event budget grows

As local films receive spotlight overseas due to the success of “Parasite,” the Korean Culture and Information Service (Kocis) will expand the budgets for film events and screenings for Korean films around the globe, the agency announced on Thursday.

The Korean Cultural Center in Los Angeles will host “Korean Film Nights” and invite local film experts to participate in discussion panels, while the Korean Cultural Center in Brazil is planning to hold an event titled “Ho-Ho Special Screening.”

The cultural centers in the Philippines and Hong Kong will both be providing hands-on experiences at their movie events, such as teaching visitors how to make “chapaguri” (also known as ram-don), the now-popular noodle dish made in a scene in “Parasite.”

The Ministry of Culture, Sports and Tourism also decided to drastically increase the budget for the Korean Academy of Film Arts (KAFA) from 850 million won ($705,000) to 5.3 billion won. The ministry plans to grow the Academy’s student population and to support production costs.

Moreover, the budget to support independent films increased from 9.4 billion won last year to 14 billion won. The ministry will finance small- and mid-sized distribution companies with budgets of 16 billion won.

“Across continents, the interest in Korean films and cultural content is growing, so it’s crucial that we support artists so that they can continue to pursue their artistic capabilities,” Culture Minister Park Yang-woo said in a statement. “We will expand the support for overall film and cultural industries while also actively promoting Korean culture through the cultural centers around the world, so that our nation can secure the dominant position as a irreplaceable cultural powerhouse.”

By Lee Jae-lim
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