South Korea Unveils Coronavirus Support for Film Industry

South Korea's government has unveiled a series of measures designed to boost the country's influential but coronavirus-battered film industry.

The policy response was unveiled in Seoul by South Korea's Deputy Prime Minister and Finance Minister Hong Nam-ki. He said the government was originally envisioning allowing only delayed payments into the development fund, but decided an exemption was required after further countenancing the depth of the damage caused by the coronavirus.in February, 2020 was expected to be a celebratory year of growing global relevance for the Korean film industry.

The policy plans drew a decidedly mixed response from industry observers. Korean news agency Yonhap ran a story Thursday questioning whether the measures "are effective and realistic enough for theaters and filmmakers to get over the crisis."

Yes🙏

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

K-Pop Industry Moves Forward as South Korea Controls Coronavirus SpreadEven with South Korea’s live music sector still largely shut down due to the coronavirus outbreak, the K-pop world is buzzing to life with the arrival of new music. Some of the world’s biggest musical acts have postponed plans to release music for months to come, but it’s business as usual when it comes to K-pop releases. I love that y’all are using G Idle as a cover ❤️❤️
Source: billboard - 🏆 112. / 63 Read more »

Korea Unveils Measures to Help Coronavirus-Hit Film IndustryThe South Korean government has unveiled a package of measures to help the local film industry, which is currently reeling from the impact of the coronavirus outbreak. Chief among the measures is t…
Source: Variety - 🏆 108. / 63 Read more »