Following the recent announcement of a somewhat bizarre incentive scheme by Thailand, Korea follows suit with one of its own. It’s less bizarre but very narrowly targeted and seems to suggest Korea’s idea of the world to which it should promote itself doesn’t extend much beyond low-budget Asian filmmakers.
The scheme is specifically targeting inbound production rather than co-production, as foreign producers must foot 80% of the production bill for a project to qualify for the cash grant. The value of the grant is set at 25% of qualifying expenditure, which is a lot better than NZ’s 15%, but the picture is not quite as pretty as it appears from the headline numbers.
