The Korean Film Council (KOFIC) has announced that it will award p&a funds to LA-based Eleven Arts, Belgium's Cineart and Taiwan's Infinity International in its first p&a funding round of 2009.

Eleven Arts will receive $10,211 (KW15m) to support the US theatrical release of Noh Young-seok's low-budget road movie Daytime Drinking. Cineart will receive $13,625 to release Na Hong-jin's serial killer hit The Chaser, while Infinity gets $27,231 towards the release of Yu Ha's lavish period drama A Frozen Flower.

The total budget for the KOFIC P&A Fund for Korean Films Abroad this year is $306,530 (KW450m). It will be dispensed over five rounds, including the one announced today.

Any overseas distribution company that has signed a deal with a Korean sales company for a Korean film can apply. After review, selected companies are supplied with up to 50% of p&a costs up to a maximum of $68,144.

KOFIC takes applications throughout the year, and will make four more rounds of selections and announcements this year in late April, late July, late October and late December.

Previous films to be released with the support of this fund include Secret Sunshine (in Estonia and the Netherlands), Breath (Spain) and The Good, The Bad, The Weird (France, Taiwan).