"Actors' Fees, Production Costs Under 10%"... Government Steps In

*This content was translated by AI.

The government, production companies, and management agencies are joining forces to revitalize Korean film production.

On the 16th, they will sign a "Government-Production Company-Management Agency Agreement for Revitalizing Korean Film Production" together with major domestic management agencies and film production organizations at the National Museum of Modern and Contemporary Art, Seoul.

Representatives from the Korea Film Council (KOFIC), the Ministry of Culture, Sports and Tourism, BH Entertainment, Management Forest, JY Company, and other top-tier domestic management agencies, along with the Korean Film Directors Association and the Korean Film Producers Guild (PGK), will attend the signing ceremony. Representatives from each company and organization will sign the agreement.

Through this agreement, management agencies and the production industry will cooperate to ensure that actors in supporting or lead roles receive fees amounting to less than 10% of the total production cost for projects supported under KOFIC's "Mid-Budget Film Production Support" program. To prevent the signing ceremony from being a one-time event, a privately led voluntary consultation body comprising management agencies, production companies, and investment distributors will be established to continuously discuss measures for improving the production environment. However, this agreement carries no legal binding force and is of a moral nature.

This agreement comes as a response from key players in the film industry—actors and management agencies—who voluntarily participated and showed solidarity with the government's efforts to revive the sluggish Korean film production ecosystem. In 2025, the government established the "Mid-Budget Film Production Support Program" with a budget of 10 billion won, and this year expanded the support scale by more than four times (to 46 billion won), implementing active support measures.

KOFIC Director Han Sang-jun (Chairman) stated, "Despite having good plans and creative capabilities, many projects are unable to even begin due to production cost structures." He emphasized, "Especially since mid-to-low budget films serve as the backbone supporting the diversity and future of the industry, it is necessary to work together to create a healthier production environment."

Choi Hwi-yeong (Minister) added, "We are grateful that actors, who are the core driving force of Korean cinema, and the management industry have deeply resonated with the government's efforts to 'save Korean films' and actively participated." He further stated, "The government will spare no policy support to ensure that the synergistic effect of fiscal assistance from the government and mutual growth commitments from film professionals enables Korean cinema to make a renewed leap forward."

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*This content was translated by AI.