DistantNews
Support us
🇰🇷 South Korea /Technology

North Gyeongsang aims to turn AI and metaverse film festival into a business industry

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • The GAMFF received 3,403 entries from 97 countries this year as North Gyeongsang sought to expand it beyond screenings.
  • An export consultation event involving 20 overseas game companies and nine local firms generated 78 consultations worth about 3.2 billion won and five memorandums of understanding.
  • The province and TikTok Korea agreed to cooperate on digital content exchanges, overseas promotion and training for content and marketing professionals.

North Gyeongsang Province wants its international AI and metaverse film festival to do more than screen works. It is positioning the GAMFF as an “industry-style film festival” that can drive investment, exports and the growth of local companies.

The festival attracted 3,403 submissions from 97 countries this year. During the event, the province invited overseas buyers to export consultations and held meetings with companies to turn promising projects into businesses.

At an export consultation session in Gyeongsan, 20 overseas game companies from countries including China and Japan met with nine North Gyeongsang companies. The event produced 78 business consultations valued at about 3.2 billion won and led to five memorandums of understanding.

The province described its agreement with TikTok as a key result. North Gyeongsang and TikTok Korea will work together on AI and digital-content exchanges, overseas promotion for regional companies, and the training of specialists in content and marketing. The plan is to help local creators and small and medium-sized businesses use TikTok’s global distribution network to enter overseas markets.

“Within TikTok, Korean content has already become deeply embedded in the daily lives of people around the world,” TikTok Korea chief executive Jeong Jae-hoon said.

Within TikTok, Korean content has already become deeply embedded in the daily lives of people around the world.

· Jeong Jae-hoonTikTok Korea’s chief executive described the global reach of Korean content during the festival partnership announcement.
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.

More Stories

From Our Blog