[BIFF Press Release] ACF Announces Three Co-Production Support Fund Recipients for 2026
2026. 08. 14 13:10
Press Release |2026.08.14
Asian Cinema Fund Announces Three
Co-Production Support Fund Recipients for 2026
Selections span projects with Korea as either the majority co-production country or a minority co-production country
Three selected projects involve 13 countries, including Korea, and receive combined production funding of KRW 140 million (USD 100,000)
The Asian Cinema Fund (ACF), operated by the Asian Contents & Film Market (ACFM), the official market of the Busan International Film Festival (BIFF), has announced its three official selections for the 2026 Co-Production Support Fund.
The Co-Production Support Fund received 15 submissions this year. Following a first-round review of submitted materials and second-round interviews, Grateful, Rhizome, and TRINITY were selected. The lineup includes projects in which Korea is the majority co-production country as well as projects in which Korea participates as a minority co-production country. The number of projects selected for support increased from one last year to three this year. Across the three projects, 13 countries, including Korea, participate in majority or minority co-production, reflecting the breadth of international collaboration.
Production Funding for International
Co-Productions Involving Korea
The Co-Production Support Fund was launched in 2025 to promote international co-productions with Korea. It provides substantial production funding to feature-length fiction films and theatrical animations. Eligible projects must be produced under an international co-production agreement with Korea and have secured financing for at least 60% of their net production budgets.
This year, the minimum number of projects to receive support increased from one to at least two, while total funding rose from KRW 65 million to KRW 140 million. Each project may receive up to KRW 70 million. The actual grant amount allocated to each selected project is listed in the table below.
Three Co-Production Projects Bring Together
13 Countries, Including Korea
Grateful is a Korea–Japan co-production, with Korea as the majority co-production country. Internationally acclaimed director Fukada Koji has joined the project, which tells a Korean story, and confidence in the Korean production team’s capabilities underpinned its selection.
Rhizome is a co-production with Thailand as the majority co-production country and Korea, France, Laos, and Singapore as minority co-production countries. It addresses Asia’s shared historical experience of war and was recognized for its potential to capture the voices and vision of Asia, grounded in the deep trust and affection shared by its production team.
TRINITY is a co-production with Taiwan, France, Singapore and eight countries, including Korea, as minority co-production countries. It addresses a provocative theme rooted in religion, while its extensive international co-production framework drew attention during the selection process.
ACFM Director Ellen Y.D. Kim said, “It is encouraging to see support for co-productions expanding since the launch of the Co-Production Support Fund last year, including the resumption of the Korean Film Council’s international co-production support program. The three projects have already made substantial progress in co-production and financing through collaboration with numerous international partners,” adding, “Now that these projects are close to bearing fruit, I hope this support—modest though it may be—will help put the final piece of the puzzle in place and bring each film to successful completion.”
Through its Script Development Fund, Post-Production Fund, Asian Network of Documentary (AND) Fund, and Co-Production Support Fund, ACF supports the production and completion of Asian film projects. It also connects projects with various BIFF and ACFM programs, expanding opportunities for distribution and industry access.
ACFM is the official market of the BIFF and is held in Busan every October. At its 20th edition in 2025, 1,222 companies and 3,024 industry professionals from 55 countries registered and total on-site attendance reached 30,006, marking the largest edition in ACFM’s history. The Sales Market recorded 8,438 Business Meetings, with an estimated transaction value of approximately USD 71.16 million.
The 2026 Asian Contents & Film Market will be held from October 10 to 13 at Exhibition Center 2, BEXCO in Busan.
▶31st Busan International Film Festival: Oct 6 (Tue) – Oct 15 (Thu)
▶21st Asian Contents & Film Market: Oct 10 (Sat) – Oct 13 (Tue)