Business · Companies · 3 hrs ago

South Korean and Japanese firms plan 1 trillion won content fund

South Korean and Japanese firms plan 1 trillion won content fund

South Korean content investment firm Solaire Partners and Japanese entertainment finance company Questry plan to create a joint fund worth 1 trillion won.

They signed a memorandum of understanding in Busan on October 12.

The companies aim to raise 500 billion won in South Korea and 500 billion won in Japan.

They plan to work together to manage the fund.

Their goal is to find promising content and intellectual property from both countries and expand opportunities to reach overseas markets.

The fund is intended to help support the steady production of films, animation and television dramas.

The companies will continue discussions on which projects the fund will invest in and how it will be managed.

What people are saying

Choi Pyeong-hoSolaire Partners chairman
This memorandum of understanding began as an effort to activate investment so that works from both countries, including films, animation and dramas, can be produced stably and continuously.
via Yonhap
Ibe TomonobuQuestory chief executive
I think it is very important to learn from South Korea’s success stories, so this agreement is very meaningful.
via Yonhap

Sources

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