France and Korea pledged to invest 1 billion euros ($1.16 billion) in the global screen industries from 2027 to 2031, in a cornerstone announcement of President Emmanuel Macron’s Lumière Summit devoted to the future of the moving image unfolding in the South of France on Monday.
Korean President Lee Jae Myung, who is on a four-day state visit to France and is co-hosting the global cinema meeting, joined Macron in announcing the funding.
He said his country, which has been at the forefront of the global cross-border content boom with shows such as Squid Games and multi-Oscar winner
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