close
  • Film Submission
  • Archive
TOP

korea now

Since 2014, the Korean film industry has recorded sales of approximately two trillion won. However, 76.7% of these sales were generated in theaters, and a mere 18% of the sales came from supplementary markets. Industry imbalances such as these are also reflected in the scale of movies. High-budget films distributed by agencies with major investors have been recording stable earnings of approximately 10%, while the earnings for low and mid-budget films have been worsening continuously. Korea Now, which was launched last year to focus on the topics of 'challenge' and 'cooperation', will operate under the same context this year and place the greatest emphasis on promoting the balanced growth of Korea's film industry. Additionally, after struggling under the previous government administration with incidents such as the government's blacklist of artists and the matter involving the Busan International Film Festival, there will be a discussion about the next step that the Korean film industry should take under the new administration. Since last year, BIFAN has been cooperating with functional organizations, and is looking forward to producing practical results that will be of help to the Korean film industry this year. Meanwhile, the diplomatic dispute between Korea and China over the placement of the THAAD missile on the Korean peninsula has created obstacles for interactions between the film industries of not only the two countries, but also between Korea and other Asian countries. Despite these adverse conditions, Korea Now is determined to create various opportunities for interaction and for the exchange of ideas.