South Korea commits $1bn to boost growing animation industry
South Korea’s animation industry is to receive more than $1bn (KRW1.5tn) in government support over the next five years in a bid to address challenges in the sector, focussing on theatrical releases, global streamers and IP-powered franchises.
The Ministry of Culture, Sports and Tourism launched its “Basic Plan for the Promotion of the Animation Industry” today (April 24), which will invest in the sector through 2029.
The initiative signals a critical pivot in Korean animation, moving beyond its traditional focus on pre-school content and TV-first formats. The new strategy emphasises theatrical releases, global streaming platforms, and franchises based on IP.
The Ministry of Culture, Sports and Tourism launched its “Basic Plan for the Promotion of the Animation Industry” today (April 24), which will invest in the sector through 2029.
The initiative signals a critical pivot in Korean animation, moving beyond its traditional focus on pre-school content and TV-first formats. The new strategy emphasises theatrical releases, global streaming platforms, and franchises based on IP.
- 4/24/2025
- ScreenDaily
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