The Pusan International Film Festival (PIFF) has announced the production of an omnibus film about people falling in love in the city of Busan, to be executive produced by festival head Kim Dong-ho.

Korea’s Jang Joon-hwan (Save The Green Planet!), Thailand’s Wisit Sasanatieng (Tears Of The Black Tiger) and Japan’s Isao Yukisada (Crying Out Love In The Center Of The World) will each direct a short film segment for the omnibus Busan Project (working title).

Korean production company and distributor Sidus FNH has picked up worldwide rights to the film, with a first-look option for local distribution.

Busan Project will be produced by BALCON, a Busan-based production and distribution company founded and financed by PIFF in 2007.

Sidus FNH-BENEX Cinema Fund I and Busan City will each be investing a third of the total budget of $1.28m (KW1.5bn), and are looking to make up the third tranche from overseas investors.

BALCON president Oh Seok-geun said: “There have been city-based omnibus films before like New York and Paris Je T’aime, but this is the first time in Korea for an omnibus with international directors making shorts set in a certain city. Busan itself is very interested in becoming a cinema hub and this should also highlight the beauty of the city.”

Yukisada Isao, whose 2001 film Go! previously screened in PIFF said: “I feel like Busan is a second hometown to me. It was here that I learned about filmmaking beyond borders and started dreaming of making films like that. This project should be a realisation of that, and I am honoured to be part of it.”

Yukisada’s short will revolved around a cinematographer and an eligible bachelorette; Jang’s around a former archery athlete who feels compelled to play Cupid, and Wisit’s will be a karaoke musical featuring a Thai agent sent to kill someone in Busan, but who ends up falling in love.

The films will be shot this winter, aiming for a premiere in Cannes or Venice. The casts and crews will be pan-Asian, with post-production to be done at the recently opened AZWorks facilities in Busan.