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Movies industry braces for tension as Megabox seeks to recover…KOFICE to help with debt claims by next month’s 2nd

Movies industry braces for tension as Megabox seeks to recover…KOFICE to help with debt claims by next month’s 2nd

Deadline to submit creditor lists is Aug. 4…guidance materials for those who did not attend and counseling desks to be in operation
Movies industry hit by Megabox liquidity crunch…KOFICE mounts emergency response by Aug. 4 'deadline'Claim filing for rehabilitation debts begins Aug. 5, with an all-out effort to minimize damage to small and mid-sized distributors and entrusted theaters'Megabox' shakes the ecosystem… 'Korea Film...
Government Support Caps Actor Pay at 10% for Mid-Budget Films

Government Support Caps Actor Pay at 10% for Mid-Budget Films

Ministry of Culture, Sports and Tourism and major agencies sign a partnership deal, launching a recovery push for South Korea’s film ecosystem with a new actor-pay ceiling
Rescue operation for sinking K-movie: '10% actor-pay rule' gets underwaySouth Korea’s film ecosystem is seeking a dramatic turnaround at the edge of a cliff. To save Chungmuro from a crisis brought on by skyrocketing production costs, the government, major management companies and producers finally...