Korean President Lee Jae Myung announced in Saint-Paul-de-Vence, France, an initiative to invest 500 million euros in cinema with France. He said Korea and France will each invest 500 million euros over five years starting next year to support cinema and moving-image industries. Lee said the plan aims to expand joint investment, production projects and overseas opportunities for local content companies. He also highlighted AI, independent films and the Lumiere Declaration as part of broader industry cooperation.
Korean President Lee Jae-myung, left, and French President Emmanuel Macron shake hands at the Maeght Foundation in Saint-Paul-de-Vence, France, where the Lumière Summit, an international film and video summit, is held, Monday (local time). Yonhap
Korean President Lee Jae Myung on Monday unveiled an initiative to invest 500 million euros ($581 million) in a partnership with France to promote the growth of the cinema industry, a move also aimed at boosting the countries' bilateral cooperation in the sector.
Lee disclosed the initiative in his speech to the Lumiere Summit in Saint-Paul-de-Vence, France, which he co-chaired alongside French President Emmanuel Macron, to discuss the future of the cinema industry amid unfavorable global changes affecting the sector.
