Kim Jong-ho, Kibo Chairman, Visits Busan Cultural Content Industry Site

Listening to Challenges in Regional Cultural Content Industry... Expanding Support for Outstanding Content

Chairman Kim Jong-ho (right) and Dream Theater CEO Seol Do-kwon are exchanging opinions on the cultural content industry.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Kibo) announced on the 29th that Chairman Kim Jong-ho visited Dream Theater (CEO Seol Do-kwon), a musical specialized company located in Busan Metropolitan City, to listen to the difficulties faced by the local cultural content industry and to have a time of communication.

Dream Theater, established in April 2019 within the Busan International Finance Center, is a 1,700-seat musical-exclusive theater that has successfully planned and performed famous musicals and concerts. Chairman Kim said, "The prolonged COVID-19 pandemic has caused great difficulties for the performance industry, including musicals," adding, "Kibo will continue to expand support based on specialized guarantee products so that excellent cultural content industries can gain competitiveness and grow successfully."

Since 2009, Kibo introduced the country's first Cultural Industry Completion Guarantee System to discover and nurture cultural content production companies across various genres, including musicals, and currently operates four dedicated cultural content centers nationwide. From the introduction of the product in 2009 until 2021, Kibo supported 1713 contents with 894.7 billion KRW in cultural industry completion guarantees, and this year, it is expanding new supply to 140 billion KRW to actively alleviate the financial difficulties of the content industry struggling due to COVID-19.

This content was produced with the assistance of AI translation services.