S. Korean President Lee to co-chair French summit on cinema, announce investment initiative
Saint-Paul-de-Vence, France, Sept. 7 (Yonhap) -- South Korean President Lee Jae ...
Korean President Lee Jae Myung is scheduled to co-chair a significant global summit on the future of cinema in Saint-Paul-de-Vence, France, on Monday, and unveil a major investment plan for the worldwide cinema industry. Lee and French President Emmanuel Macron will jointly oversee the Lumiere Summit, during which Lee is expected to deliver a speech outlining his plans to tackle a changing landscape that is endangering the cinema sector.
The summit will gather policymakers, politicians, and artists from 30 countries, representing both the cinema and game industries, to deliberate on the film industry's future and beyond.
At the summit, Lee and Macron will collectively announce a joint investment initiative, pledging a total of 500 million euros ($580.9 million) to be allocated over a five-year period starting in 2027, according to Seoul's presidential spokesperson Kang Yu-jung. Under this plan, participating nations will establish funds to financially support local content creators and pursue collaborative production projects together.
Additionally, Lee will meet with Korean producers and actors attending the summit, including filmmakers and other industry professionals, to discuss potential collaborations and opportunities.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
