France, South Korea announce billion-euro investment for audiovisual industry

France and South Korea have agreed to invest one billion euros to support the audiovisual and entertainment sector, according to President Emmanuel Macron. The investment was announced as Macron met with top entertainment industry leaders for a summit on the future of cinema.

The two countries also agreed to establish a cooperation channel covering strategic industries, trade, and supply chains to deepen their economic ties. This agreement was reached during talks between South Korea's Industry Minister Kim Jung-kwan and France's Minister for the Economy Roland Lescure in Paris.

The talks also touched on issues affecting Korean companies in France, including electric vehicle subsidies and new cooperation projects in advanced industries and supply chains. According to Le Monde English, South Korean President Lee Jae Myung was in France for a visit, during which he discussed strengthening ties between the two countries with Macron.

Brief written by urgent.news from RFI English, The Korea Times, Le Monde English — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.