Magazine article Screen International

Foreign Film Buyer-Distributors Association of Korea Launches in Busan

Magazine article Screen International

Foreign Film Buyer-Distributors Association of Korea Launches in Busan

Article excerpt

Today (Oct 8) at Busan International Film Festival (BIFF), Korean film companies teamed to launch the Foreign Film Buyer-Distributors Association of Korea.

Led by CEOs Sangjin Jung of Atnine Film, Peter Seo of The Coup, Nan-sook Kim of Jinjin Pictures and Kim Sang Yun of Cinelux, representatives of 21 companies gathered to announce their new cooperative organisation which plans to improve business dealings for importers and distributors.

The association aims, through discussion and the sharing of information, to deal with issues such as over-competitive bidding wars at festivals and markets, improvement of fair trade in local theatrical and digital distribution, piracy, and local international film festival screening rights.

Seo noted the association has been a long time coming and said they hope to make "policy suggestions for the promotion of film" as well.

"In Japan, foreign film buyers have been active as a group since 1952 so Korea is rather late - after 54 years, but we hope many more companies will join in solidarity for better distribution," said Jung.

Kim Sang Yun, reading from a release, noted that 989 foreign films were released in the country in 2015 according to the Korean Film Council (KOFIC). …

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