The Pang Ho Cheung project, One Day Of Ibrahim, picked up the topprize at this year's Pusan Promotion Plan (PPP) - the $20,000 Busan Awardpresented by the Metropolitan City of Busan.

The $2.2m project, about ayoung Kenyan boy's journey to find water, is set to be produced by the Hong Kong director's own production outfit, Making Film Productions. Pang mostpreviously directed Macau-set drama Isabella,which played in competition at Berlin this year.

The Kodak Award of $20,000in negative stock was awarded to Korean director Lee Myung-se's M. The mystic melodrama, about a writerwho is suffering from constant deja vu as he falls for a mysterious girl, isset to star Gang Dong-won, who previously appeared in Lee's Duelist.

The Cineclick Asia Award of $20,000 went toIranian director Mohsen Makhmalbaf's TwoFooted Horse, while the Busan Film Commission Award of $10,000 went to Hong Kong Hero, to be directed byKansas-based Korean-American Abraham Lim.

Ryoo Seung-wan's Yacha picked up the MBC Movies Awardfrom broadcaster MBC DramaNet, which presents $10,000 to a selected Koreanproject. The Overseas Korean Foundation, which awards $10,000 to a PPP projectby a Korean-born overseas director, gave its prize to US-based Mora Mi-OkStephenson's The 38th Parallel.

The Goteborg Film FestivalFund, which has allocated about $20,000 to support 8-10 filmmakers of selectedprojects with their travelling and accommodation expenses, gave its award toVietnamese director Nguyen Phan Quang Binh's The First Rainy Day.

In the NDIF (New Directorsin Focus) section, Jong Hoon Lee's Ringwanderungpicked up the $20,000 LJ Film Award, while the $10,000 Barunson Award went toChang Yeol's A Gold Rush.

Meanwhile, two co-productiondeals were struck at this year's PPP. Focus Films' Daniel Yu agreed toco-produce an action film project with Korean director Noh Jong-yoon andproducer Kim Chul-soo. In addition, Hong Kong's OctoberPictures and Norvis agreed to collaborate on Good Bye Day.