The Korean Film Council provides a filmmaking incentive of 20-25% to producers of feature films, television series, and documentaries financed by at least 80% foreign capital. Commercials do not qualify.
A minimum of 3-day shoot with qualified expenditure of 100 million KRW (approx. USD 90,000) can access a 20% cash return. The rebate increases to 25% for a minimum 10-day shoot making qualified expenditure of 2 billion KRW (approx. USD 1.8 million).
The incentive is granted upon favorable review by committee taking into consideration the extent to which the work promotes tourism and contributes to the Korean film industry and the degree to which the foreign producer participates in the production.
Share the details of your project with us for a first assessment and consideration of how best to tap into South Korea?s film incentive.
Client: Oriental Brewery (OB) - Campaign: Cass Fresh, Let’s Turn It Upside Down - Director: Rogier Schalken - DoP: Christian Huck - Market: South Korea - Agency: Cheil Worldwide - Production Company: Made.For.Digital - Executive Producer: Bernd Out / Kep Bruinsma - Production Service: The Headliners - Service EP: Kimi Kim - Location: Seoul, South Korea
Creative Director JWT Kuala Lumpur.