Up to 30% Cash Rebate

- KOFIC offers up to 30% cash grant on foreign audio-visual works production expenditure incurred for goods and services in Korea, with a cap of 2.6 billion KRW (approx 2.6 million USD).
The grant amount shall be determined taking into account the remaining grant program budget on the date of application.

Eligible Works

- Feature films and television drama series produced by a foreign production company, in which foreign capital’s participation in the production cost exceeds 80% will be eligible for this grant.

  Eligible works must satisfy the following requirements:

• · Must shoot more than 3 days in Korea
• · Must spend no less than 100 million KRW (approx. 100,000 USD) in Korea for production costs as recognized by
       KOFIC (these production costs are known as ’Qualifying Production Expenditure' or QPE)
• · Must receive approval from KOFIC who shall evaluate the following three factors:
  • (1) the degree to which the work creates tourism and revenues ("tourism and audience creation");
  • (2) the degree to which the work contributes to Korean film industry's capacities,
         ("capacities contribution");
  • (3) the extent to which the foreign producer participates in the production of the work
         ("foreign elements participation")

Eligible Applicants

- A corporation organized and registered as a business in Korea

Application Process

Application period

- All year round

Supported Projects

- 2012 : Urban Games(Chinese feature film), Beyond the Border(American feature film)

- 2011 : Hakuji no Hito(Japanese feature film ), Rainbow Rose(Japanese TV series),
             On the Road(Chinese feature film)

Download

• 2013 KOFIC Location Incentive    Download
• 2013 Standard for Qualifying Production Expenditure    Download