Korean film industry not impressed with coronavirus support measures1 min read
Reading Time: < 1 minuteSouth Korea’s government has announced a package of measures to alleviate the impact of the Covid-19 pandemic on the local film industry. But the industry says it’s not enough.
Deputy prime minister and minister of economy and finance Hong Nam-ki on 1 April said the government would issue a retroactive film development fund tax cut going back to February. The tax cut refers to a 3% levy on tickets that exhibitors, excluding arthouse specialty cinemas, pay into a fund to support the local film industry.
Hong also said the government would give marketing support to 20 films whose theatrical releases were postponed or cancelled because of the Covid-19 coronavirus and that it would provide vocational training benefits to 400 temporarily out-of-work film industry people.
Image credit: Screen Daily
