SEOUL — The Pusan Film Festival has assembled an $860,000 Asian Cinema Fund to support regional filmmakers.
The fund combines existing production support for Asian documentaries with new integrated matching grants for projects in the pre- or post-production stage.
Ten million won ($10,800) in pre-production support will be given to four Asian projects and three Korean projects. Both projects with completed scripts or works in progress will be eligible for funding.
Post-production support will match projects with Korean post-production firms and provide $54,000-$162,000 in services. Two projects will receive post-production sound and digital intermediate processes, while an additional two projects will receive digital intermediate processes only.
Meanwhile, the And Fund for documentaries will provide $5,400-$10,800 in support to eight Asian and six Korean documentary projects.
Support comes from the Busan city government, with the participation of five leading Korean post-production houses.
Meanwhile, the Busan Film Commission is reportedly preparing a fund to support films to be shot in the Pusan area. More details on this fund will be announced in June.