9/14/2020 South Korea Production Incentives Include 25% Cash Rebate - Variety

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H O M E > A RT I S A N S > P R O D U C T I O N Feb 1, 2019 10:00am PT

South Korea’s Incentive Adds Foreign Productions to

Country’s Thriving Film Industry
By Variety Staff

Barry Wetcher/Netflix/Kobal/REX/

Producers seeking a location that blends the traditional with the modern, offers mountains and
coastlines, boasts historic structures and contemporary architecture, should consider South Korea, a
country with a thriving local lm industry, well developed production infrastructure, experienced
crews and a wide choice of accommodations and restaurants. In addition, South Korea provides a
cash rebate of up to 25% on quali ed spend.

The cash rebate is 20% for three minimum shooting days and a minimum spend of 100 million won,
the local currency. The dollar equivalent is approximately $88,000.

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9/14/2020 South Korea Production Incentives Include 25% Cash Rebate - Variety

The rebate rises to 25% if shooting days are 10 or more and the spend is at least 2 billion won, or
about $1.77 million.

A D V E RT I S E M E N T

The maximum grant per project is 1.5 billion won, or about $1.3 million. Each project must receive
approval from the Korean Film Council, or KOFIC, which launched the location incentive program in
2011. KOFIC is a state-supported, self-administered organization under South Korea’s Ministry of
Culture, Sports and Tourism.

Recent projects shot in South Korea include the recently launched Net ix series “Kingdom” (2019),
“Black Panther” (2018), “The Great Battle” (2018), “Burning” (2018), “Okja” (2017), “Colossal” (2016),
“Star Trek Beyond” (2016), TV series “Dramaworld” (2016), TV series “Sense 8 “(2016) and “Avengers:
Age of Ultron” (2015).

Information courtesy of the Production Incentives team at Entertainment Partners.

INCENTIVES
20%-25% Cash rebate on quali ed spending

20% for minimum of three shooting days and $88,000 spend

25% for minimum of 10 shooting days and $1.77 million spend

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