Magazine article Screen International

CJ, Sovik, Isu Launch New Funds at Busan's Asian Film Market

Magazine article Screen International

CJ, Sovik, Isu Launch New Funds at Busan's Asian Film Market

Article excerpt

Leading established investors such as CJ, Sovik and Isu presented their initiatives to a packed hall of filmmakers at the Busan Exhibition Convention Center (BEXCO) yesterday (Oct 11).

A raft of new funds announced themselves at the Korea Contents Fund Showcase, part of Busan's 6th Asian Film Market.

Sovik Venture Capital Investment announced that it would be launching a $86m (KW100bn) global contents fund next month that will run until Nov 2018.

The Sovik Global Contents Fund will invest in Korean films, animation, TV series, pop music and games that can launch into the overseas markets as well as coproductions between Korean and overseas companies deemed to be "outstanding".

This month, CJ Venture Investment is launching a $17.2m (KW20bn) fund that will invest in films and performances. …

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