Twelve-year festival head Kim Dong Ho is taking on a co-festival director - former co-deputy director Lee Yong Kwan.
Kim (70), whose globe-trotting, hard-working personality has come to personify PIFF, will continue steering the festival's international work, while Lee (51) will take charge of domestic affairs.
Currently also director of Seoul Youth International Film Festival and a professor at Chung-Ang University, Lee was previously programme director at PIFF from 1996 to 1999.
He took the office of vice chairman of the Korean Film Council (KOFIC) at that point, and was subsequently director of Cinematheque Busan from 2002 to 2004.
PIFF has also announced that co-deputy director Ahn Sung-ki, the national star actor, will be joined by two new deputies: World Cinema programmer Jay Jeon - deputy director of last year's inaugural Asian Film Market - and Ahn Byung Yul, the general manager of MBC broadcasting company.
The festival is also taking on new programmers. Former Korean Cinema programmer Huh Moon-young has resigned and will be replaced by Cho Young Jung, the Korean Cinema Retrospective coordinator, and Lee Sang Yong, film critic.
Special Programs in Focus has a new programmer - Lee Soue Won, a professor at Seoul National University and Pusan National University.
Program coordinator Dosin Pak will be in charge of the Midnight Passion section.
PIFF's annual plenary session took place this afternoon (Feb 23) at Busan City Hall, with festival chairman and Busan city mayor Hur Nam Sik chairing.
The committee drew up the 2007 budget - $7.9m including $1.4m from national expenditure and $3m from municipal expenditure. (PIFF's 2007 budget essentially remains the same as last year's, although exchange rates slightly differ.)
PIFF's plenary session included announcements of plans for an Asian Actor Festival (tentative title), a New Malaysian Cinema special, and the construction of an exclusive PIFF Media Center.
12th Pusan International Film Festival will run Oct 4 - 12 and the Asian Film Market Oct 8 - 11.