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🙏

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