Busan, South Korea Plans Massive New Movie Studio Complex

The city also hosts the most prestigious film festival in Asia.
Busan, South Korea Plans Massive New Movie Studio Complex
Shutterstock/Keith Homan

Busan is already home to the largest film festival in South Korea (and, arguably, all of Asia), and it’s now planned to host the country’s biggest film studios as well. The city government is moving forward with plans to build the new facilities, which are set to open in 2020.

READ MORE: Why Cannes Programmers Are Stubborn About The Future Of Cinema — And Potentially Right

Two indoor stages, an open set, digital production support and post-production facilities are all part of the blueprints for the new complex. Earlier plans came with a price tag of $172 million — $100 million of which would have come from the city, with the remainder being contributed by the Korean Film Council (KOFIC) — but ongoing problems with KOFIC have altered the process somewhat. The council, whose studios located near Seoul are meant to have been sold by now, will borrow $57.6 million as part of the development process.

READ MORE: Is There a Link Between U.S. And Korean Cinema? The Busan International Film Festival Provides An Answer

A city spokesperson said that “a world-class film studio that sets a new milestone in the film industry will help Busan enhance its position as a global film city.” This year’s edition of the Busan International Film Festival, the 21st, has been boycotted by several filmmakers over ongoing disputes between festival higher-ups and the city itself.

Stay on top of the latest breaking film and TV news! Sign up for our Email Newsletters here.

Daily Headlines
Daily Headlines covering Film, TV and more.

By subscribing, I agree to the Terms of Use and Privacy Policy.

PMC Logo
IndieWire is a part of Penske Media Corporation. © 2023 IndieWire Media, LLC. All Rights Reserved.