Kibo Joins Hands with Drama Producers Association to Strengthen Competitiveness of Broadcasting and Video Industry
Signing a Business Agreement with the Association to Drive Production Company’s Technological Competitiveness
Lee Eun-il, Director of the Korea Technology Finance Corporation (left), and Song Byung-jun, Chairman of the Korea Drama Producers Association, are posing for a commemorative photo after signing the agreement.
View original image[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 21st that it has signed a comprehensive business agreement for a win-win partnership with the Korea Drama Producers Association (President Song Byung-joon, hereinafter referred to as the Association) to strengthen the K-Drama super-gap industrialization and the competitiveness of production companies.
This agreement was prepared to actively support the discovery and production of excellent content with the aim of enhancing the global competitiveness of drama production companies. According to the agreement, the Association will discover companies with excellent drama planning and production capabilities and growth potential and recommend them to Kibo. Kibo plans to provide customized services to the companies recommended by the Association, including ▲reduction of guarantee fees (0.2 percentage points) through the Cultural Industry Completion Guarantee ▲direct investment ▲protection of content intellectual property rights (IP) and technology trust.
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Kibo has supported the production of drama works such as "Shinsa and Agassi," "The Moon Rising River," and "Convenience Store Saetbyeol" through the Cultural Industry Completion Guarantee. Director Lee Eun-il of Kibo said, "Through this agreement, Kibo will establish a more advanced win-win cooperation model by expanding preferential guarantees to promote K-Drama super-gap industrialization and enhance the global competitiveness of drama production companies."
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