GWANGJU < invest Korea

According to Yonhap News,

The city of Gwangju said the city-led biz-support programs, designed to give assistance to cultural content developers at home and abroad, being pushed for since last year helped raise investments, equivalent in value to KRW 74.3 billion, and sign 138 separate cases of licensing contracts on Mar 4. The figure proved to triple the amount in 2019, KRW 26.2 billion. One of the investees is Studio Button, an original producer of Jurassic Cops, which has been financed as much as KRW 1.5 billion from Daekyo Investment and Aurora World Corp. Another animation studio, Monster Studio, which has produced Korea’s culture ministry award-winning animation ‘Bread Barber‘, signed a distribution deal for new releases, reported worth USD 75,000, with the world’s largest streaming service, Netflix.

A senior level city official said “Despite the lingering economic ramifications from the COVID-19 induced recession, our support programs and marketing schemes have made such visible achievements. I’m so proud of it. By gaining momentum from what we’ve accomplished, we’ll make an all-out effort to attract investments and help businesses find sales channels.”

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Source: Yonhap News (Mar 4, 2021)