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Hong Kong and South Korea have signed a memorandum of understanding intended to lead to greater co-operation in cultural industries including film and TV.

The deal was signed in Seoul by the Minister of Culture, Sports and Tourism of the Republic of Korea, Kim Jong-deok, and HK’s Secretary for Commerce and Economic Development, Gregory So.

“The MOU provides a framework to facilitate exchanges and co-operation… through activities such as information and human resource exchanges, education, training, research and the facilitation of business matching,” said a HK government announcement.

“This is the beginning of things, not the destination,” a HK government spokesman told Variety. But it is not clear whether the agreement will be expanded to include further bilateral agreements on film and TV co-productions.

Hong Kong can sign trade agreements, but is not able to sign treaties as it is not a sovereign power, and belongs to China.

Other sectors covered by the MOU include advertising, architecture, design, digital entertainment, music, and printing and publishing.