Foreign Audio-visual Works Production Grant


Type of incentiveCash Rebate
Qualifying formats
  • - Feature film - fiction (theatrical)
  • - TV Film or TV series - fiction
Qualifying productions
  • - Foreign productions


Benefit as a % of spend25.00
Financial cap per production300000000
Do I have to register/set up a company?Optional
Does foreign cast/crew paid in their home country/region qualify as expenditure? No
Do foreign cast/crew have to pay tax in the host country/state/region? Yes
Does travel to/from country/region qualify as expenditure? Yes
Can a production qualify for other national incentives such as cultural programmes if it qualifies for this incentive? No
Criteria to access the benefit
  • - Minimum shooting days: 10
  • - Minimum spend 300000000 (in local currency)
When will the benefit/incentive be received?
  • - On submission of audited accounts
  • - State approx. number of months after completion of audited accounts
Additional incentives or advantages
  • - VAT / GST /Sales Tax recoverable
  • - Eligible productions will be evaluated on: (1) the degree to which the work creates tourism ("tourism creation"); (2)the degree to which the work contributes to Korean film industry's capacities, ("capacities contribution"); and (3) the extent to which foreign capital participates in the work ("foreign producer participation"). No more than 50% of the total QPE shall be post-production costs. Any production cost for which public financing in Korea has been made available shall not be recognized as a QPE. Travel to Korea by non-resident cast and crew may be included as QPE for incoming journeys: - for foreign cast and crew who work on the production for a period of 10 days or more; and - when the airline fare is paid to a business entrepreneur in Korea The grant is subject to taxation. Application period : No later than September 30, 2011