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South Korea and China sign co-pro deal

South Korea and China sign co-pro deal

By Kevin Ma

Fri, 04 July 2014, 20:00 PM (HKT)

Policy/Legal News

The Korean Film Council (Kofic) 영화진흥위원회 announced on its Weibo microblog yesterday that South Korea's Ministry of Culture, Sports and Tourism 문화체육관광부 and China's State Administration of Press, Publication, Radio, Film and Television (SAPPRFT) 國家新聞出版廣電總局 have signed an agreement allowing South Korea-China co-productions to be treated as local films.

"From now, China-South Korea co-production films will be treated as local films in the Chinese market and no longer be subjected to the terms of an import film," the KOFIC microblog wrote.

Details of the deal have not been announced, but the announcement implies that these co-productions will not be subjected to the import quota placed on foreign films. China has a similar deal for co-productions with Hong Kong and Taiwan.

However, by obtaining co-production status, a co-produced film is already considered a local film. This was the case for CJ Entertainment Inc CJ엔터테인먼트's A Wedding Invitation 分手合約 (2013) and Showbox/Mediaplex Inc 쇼박스 미디어플렉스's Mr. Go 미스터 고 (2013) – both South Korea-China co-productions distributed as local films by Chinese companies.

The significance of the deal will lie in the details, in particular whether the terms for obtaining co-production status with China will be relaxed. Details have not yet been disclosed.

There are several China-South Korea co-productions currently in production, including Leste CHEN 陳正道's Miss Granny 重返20歲, the Chinese-language remake of Miss Granny 수상한 그녀 (2014), and CHANG Youn-hyun 장윤현 | 張允炫's The Peaceful Island 平安島.

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