By Indiewire | Indiewire October 27, 2006 at 12:55PM
France and South Korea have signed an agreement on cinematic co-production which Seoul hailed as giving its burgeoning film industry access to Europe. The agreement, signed Friday by visiting French Culture Minister Renaud Donnedieu de Vabres and his South Korean counterpart Kim Myung-Gon, will recognize co-produced films as domestic ones in each other's market. Under the accord, the jointly produced films will be eligible for government funds in each country and can be distributed under protective arrangements for local movies in each nation. AFP reports.