KOBIZ

KOFIC Location Incentive
The Korean Film Council (KOFIC) has recently launched a location incentive, which supports part of the expenses of foreign feature films, television series and documentaries shot in Korea.
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. The grant amount shall be determined taking into account the remaining grant program budget on the date of application.
* Support from a regional film commission can be included in the expenditure statement.
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:

· Must receive approval from the Review Committee who will evaluate the following three elements

(1) the degree to which the work promotes tourism and creates revenues ("tourism and audience 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")

· Must spend no less than 100 million KRW (approx. 100,000 USD) in Korea for production expenditure as recognized by the Korea Film Council (’Qualifying Production Expenditure' or QPE). For a television series, the production costs of all the episodes can be aggregated.

· Must shoot more than 3 days in Korea
Eligible Applicants
- A corporation organized and registered as a business in Korea
Application Process
Application period
- All year round
Supported Projects
- 2013 : 2013 : One Cut(Japanese feature film), Amour(Japanese feature film), Taste(Chinese 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)
Download
2014 KOFIC Location Incentive Guidelines

2014 Standard for Qualifying Production Expenditure