The Pusan International Film Festival (PIFF) has announced 25 recipients of its Asian Cinema Fund and has revealed two new funds to support overseas projects and distribution.
The Asian Cinema Fund awards money across three sections - script development, post-production and the Asian Network of Documentary (AND).
The seven recipients of script development support including Chris Chon Chan Fui, whose film Karaoke appeared in this year’s Directors’ Fortnight. He has received support for Malaysian project The Tour. Baek Seung-bin, a former PIFF award-winner, has also been selected for his second project The Bitch.
Five projects have received post-production funding including Woo Ming Jin, who received support from the script development fund last year, for his Malaysian film Woman On Fire Looks For Water. While, Sepideh Farsi with receive funding for her Iranian film The House Under The Water.
The AND Fund is support 13 projects among them are Pusan prize-winning alumni Mun Jeong-hyun with Korean documentary Masquerade and Li Hongqi with Chinese documentary Are We Really So Far From A Madhouse?
Meanwhile, Ko Young-jae, best-known for producing the record-breaking cow documentary Old Partner, has made a contribution of $82,000 (KW100m) to launch the new Asian Overseas Korean Project Fund in order to encourage Korean filmmakers living abroad. The new fund will be granted annually starting in 2010.
While, Old Partner director Lee Chung-ryoul has given the Asian Network of Documentary (AND) Fund $82,000 so that it can provide distribution support to one Korean film and acquire local distribution rights for two Asian films each year.
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