KOFIC - Korean Film Council KoBiz - Korean Film Biz Zone

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Location Incentive

2018 KOFIC Location Incentive for Foreign Audio-visual Works
UP TO 25% CASH REBATE on production costs spent in KOREA
Any project spending more than 100 million KRW (approx. 100K USD) is eligible to apply. Experience KOFIC’s incentive program!
For more details Download the guidelines
Up to 25% Cash Rebate on Costs
KOFIC offers up to 25% cash rebate on foreign audio-visual works production expenditures incurred for goods and services in Korea.
The grant amount shall be determined by taking into account the remaining grant program budget on the date of the application.
Eligible Works
Feature films, television series and documentaries produced by a foreign production company, in which the allocation of foreign capital in the production cost exceeds 80%. Eligible works must satisfy the following requirements
20~25% Cash Rebate on eligible cost
  • 25% : Shoot no less than 10 days and spend no less than 2 billion KRW (approx. 2 million USD) in Korea
  • 20% : Shoot no less than 3 days and spend 100 million ~2 billion KRW (approx. 100K~2million USD) in Korea
Must receive approval from the Review Committee who will evaluate the following three elements
  • (1) the degree to which the work promotes tourism ("tourism expansion")
  • (2) the degree to which the work contributes to the Korean film industry ("quantitative contribution")
  • (3) the extent to which the foreign producer participates in the production of the work ("foreign engagement")
Eligible Applicants
Any corporation organized and registered as a business in Korea
Application Process
  • Provisional application
    • The applicant submits the provisional application together with support documents.
      The Review Committee evaluates the provisional application and decides on the eligibility and the provisional grant amount, if any.
      Finally, KOFIC, after deliberating upon the Reniew Committee's evaluation results, makes the final decision and notifies the applicant.
  • 1.5 month
  • Entering into an agreement
    • KOFIC and the recipient enter into a grant agreement
  • within 1 year
  • Final application
    • The recipient submits the final application, the audited expenditure statement, and other support documents, and the Review Committee makes the final decision on the eligibilty and the final grant amount.
  • 1.5~2 months
  • Payment of grant
    • KOFIC deliberates on the final evaluation results of the Review Committee and makes the payment to the applicant.
Projects Supported & In Progress
  • 2017 : Black Panther(American feature film), T.A.N.K(Season2) (French Tv Series)
  • 2016 : Sense 8(season 2)(American TV series), OKJA(American feature film)
  • 2015 : Huaidan bie re wo(Chinese feature film)
  • 2014 : Avengers : Age of Ultron(American feature film), America's Next Top Model Cycle 21 (American TV series), Seoul Searching(American feature film), Sense 8(American TV series), Bad Sister(Chinese feature film), Emperor's Holidays(Chinese feature film), The Phone(Chinese feature film)
  • 2013 : One Cut(Japanese feature film)
  • 2012 : Urban Games(Chinese feature film), Olympic Ransom(Japanese TV drama), Full House(Thailand TV drama)
  • 2011 : Hakuji no Hito(Japanese feature film ), Rainbow Rose(Japanese TV series), On the Road(Chinese feature film)
Contact For more details visit www.koreanfilm.or.kr
  •   Mr. HAN Sang-hee
Email
Tel
  • +82 31 579 0622
Download
다운로드 리스트
2018 KOFIC Location Incentive Guidelines
2018 Standard for Qualifying Production Expenditure