Busan International Film Festival Expands the Number of Awards for Korean Independent Films
Number of Awards Expands Significantly, Including KTH Award and KBS Independent Film Award
The Busan International Film Festival will create numerous new awards for Korean independent films. KTH, renowned film investor and digital content distributor and Korean Broadcasting System (KBS), which broadcasts independent films KBS Independent Cinema, will each provide new awards to promote Korean independent films.
KTH (CEO Kim Tae-Hwan) will select two Korean films from the Korean Cinema Today – Vision and the New Currents section. The award winners will receive the KTH Award and a cash prize of 10,000,000 KRW (approx. 9,000 USD). The KTH Award will be presented at the Busan Vision Awards on October 12th, Friday, one day before the Closing Ceremony of the Busan International Film Festival. KBS will also select one of the best films from the same section as the KTH Award. The award winners with a cash prize of 10,000,000 KRW for the KBS Independent Film Award. The KBS Independent Film Award-winning films will be screened on KBS Independent Cinema within one year after release. The broadcasting rights contract will proceed separately with the award.
In addition, the Director’s Guild of Korea Award, managed by the Director’s Guild of Korea and the Busan International Film Festival, has been reinstated after a boycott of the Guild was retracted. The Director’s Guild of Korea will select two films in the Korean Films Today - Vision section and award winners with a cash prize of 5,000,000 KRW.
The Busan International Film Festival has created various and new ways to support Korean independent films. The greatly expanded awards are one way to promote Korean independent films. There are numerous independent films, but only a few independent films have been able to shine in the spotlight. These newly created awards will significantly encourage independent film cineastes.
The 23rd Busan International Film Festival will be held from October 4, 2018 to October 13, 2018.
Asian Film Market will be held from October 6, 2018 to October 9, 2018.
Asian Project Market will be held from October 7, 2018 to October 9, 2018.