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South Korea to offer production rebates

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The South Korean government is to introduce financial incentives for foreign films that shoot in the country.

The move was announced yesterday as part of a wider government financial statement that also sees the Ministry of Culture budget increase by 6.2% from ?3.17 trillion ($2.78 billion) to ?3.37 trillion ($2.95 billion). That makes the culture budget 1.09% of total central government spend, its highest ever level.

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via Film Business Asia

Copyright © Film Business Asia

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