Director Bong Joon-ho Donates 300 Million KRW Prize Money from Samsung Ho-Am Prize

Planned Use for Support Projects to Promote Independent Film Development

Director Bong Joon-ho of the film "Parasite," which won four awards including Best Picture, Director, Screenplay, and International Feature Film at the 92nd Academy Awards, is speaking at the official press conference held on the 19th at the Westin Chosun Hotel in Jung-gu, Seoul. Photo by Moon Ho-nam munonam@

Director Bong Joon-ho of the film 'Parasite' has been selected as the recipient of the Samsung Ho-Am Prize in the Arts and will donate the entire prize money of 300 million KRW.

On the 7th, Bong's representatives stated, "The funds will be used for support projects aimed at the development of independent films," adding, "We want to provide a small boost to creators who have brought fresh energy to Korean cinema and expanded its boundaries." They plan to meet with independent film industry stakeholders later this month to discuss ways to efficiently allocate the donation.

Bong was selected as the recipient of the Samsung Ho-Am Prize awarded by the Ho-Am Foundation the day before. He was recognized for his film 'Parasite,' which addresses economic polarization in modern society, sweeping awards at the Cannes International Film Festival and the Academy Awards, elevating the excellence of Korean cinema and culture on the global stage.

The Samsung Ho-Am Prize was established in 1990 by Samsung Chairman Lee Kun-hee in honor of Ho-Am (湖巖) Lee Byung-chul, the founder of Samsung Group, to commemorate his spirit of valuing talent and social contribution. Recipients receive a certificate, a pure gold medal, and prize money of 300 million KRW.

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