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What happened
At the Busan Asian Contents & Film Market, a panel titled 'India-Korea Synergies: New Horizons in Co-Productions' brought together industry leaders to explore collaboration between Indian and Korean film sectors. Joint Secretary Prithul Kumar outlined India's incentive framework, which offers rebates up to $3.6 million for international productions, facilitating quicker approvals. Choi Jae-won from Anthology Studios discussed remaking the Indian film 'Drishyam' for Korea, while Heo Youngkook from LME Studios praised India's VFX capabilities in their upcoming project 'Astro Station.' Actor-producer Arfi Lamba emphasized the potential of Asia's creative industries, advocating for global collaboration. Media personality Abhishek Gupta noted the need to change perceptions of Indian cinema among Korean audiences, while Nishikant Singh highlighted the importance of talent exchanges and festival participation to strengthen ties. The panelists agreed on the potential for Indo-Korean narratives to resonate across Asia and beyond.
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Key insights
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1
Incentive Framework
India offers rebates for international productions to encourage co-productions.
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2
Cultural Affinity
Panelists emphasized the need to break stereotypes about Indian cinema in Korea.
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3
Collaboration Potential
Indo-Korean stories have the potential to resonate across Asia and beyond.
Takeaways
The panel underscored the growing importance of collaboration between Indian and Korean film industries.