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Korean Animation Business Gets $1 Billion Government Boost
The South Korean government is betting big on animation, unveiling a $1 billion investment strategy.
The South Korean government is betting big on animation, unveiling a $1 billion investment strategy aimed at transforming its cartoon industry into a global powerhouse. In a move designed to attract international players, the government will introduce cash rebates for co-productions that meet specific criteria and are primarily produced in Korea. The initiative includes comprehensive talent development, with training programs for animation planners, writers and AI-skilled video production professionals in partnership with universities.
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