South Korea, China to set up $187m fund for movie co-production
South Korean Vice Culture Minister Kim He-beom
Beijing - Yonhap
South Korea and China on Friday agreed to speed up their efforts to launch a 200 billion won (US$187.4 million) fund next year for use in jointly producing movies, a senior Seoul official said.
The agreement was reached during the talks in Beijing between South Korean Vice Culture Minister Kim He-beom and his Chinese counterpart, Ding Wei, Kim told reporters. South Korea and China will shoulder 100 billion won each for the planned fund.
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