Lee announces $800 million South Korean and €500 million French investment in film and video industries
Translated from Korean and summarized by DistantNews. Read the original for the full story.
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- South Korea and France will invest 800 billion won and 500 million euros respectively in their film and video industries over the next five years.
- President Lee Jae Myung announced the Lumière Partnership with French President Emmanuel Macron at the Lumière Summit in Saint-Paul-de-Vence.
- Lee said the initiative would support joint investment and co-production while helping local content reach global audiences.
South Korea and France will invest 800 billion won and 500 million euros respectively in their film and video industries over the next five years, President Lee Jae Myung said at an international summit in France.
Over the next five years, the Republic of Korea and France will invest 800 billion won and 500 million euros respectively in the film and video industries.
Lee announced the launch of the Lumière Partnership during a keynote speech at the Lumière Summit, an international film and video summit held at the Maeght Foundation in Saint-Paul-de-Vence. He attended as co-chair with French President Emmanuel Macron.
Lee said South Korea proposed the partnership and France responded positively. He described it as a platform that would combine investment in each country’s film and video industries with joint investment and co-production between the two countries.
This partnership, proposed by Korea and warmly welcomed by France, will lead to investment to strengthen each country’s film and video industries, as well as joint investment and co-production between the two countries, becoming a strong stepping stone for local content to advance onto the global stage.
The initiative, he said, could provide a strong stepping stone for local content to reach global audiences. Lee also said he hoped the partnership would expand beyond bilateral ties and become “a light illuminating a new future for the global film and video industry.”
I hope it will go beyond bilateral relations and expand to the world, becoming a light that illuminates a new future for the global film and video industry.
He further argued that the rapid spread of artificial intelligence is driving major changes in how films and video are produced and consumed, and said the industry must respond properly to those changes.
The rapid spread of artificial intelligence technology is driving major changes in the way films and video are produced and consumed.
About this summary
Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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