Netflix has announced a sponsorship of a programme led by the Korean Academy of Film Arts (KAFA) to support emerging content creators in Korea. The sponsorship agreement between Netflix and the Korean Film Council (KOFIC) supports the Academy’s training programmes and includes creative grants for outstanding participants of KAFA’s 2023 curriculums. Netflix will also sponsor KAFA’s special lecture on understanding the global streaming environment.
This move follows a previous memorandum of understanding signed between Netflix, KOFIC and the Korean Creative Content Agency on 27 April in Washington D.C., USA, with the aim of strengthening the competitiveness of the Korean content industry by supporting workforce training.
Park Ki-yong, Chairperson of KOFIC, stated, “We appreciate Netflix’s sponsorship for the continuous development of K-Content. Through this agreement, programmes that help to develop the global film and video industry by nurturing the next generation of talent will be further accelerated. We will do our best to bring out the ‘next Bong Joon-ho’ at KAFA and promote cooperation between Korea and the United States in the field of content.”
Don Kang, Netflix’s Vice President of Korean Content, emphasised the significance of this move, saying, “Supporting and nurturing the next generation of filmmaking talent in Korea is extremely important to the entire industry and Netflix is honoured to be supporting the Korean Academy of Film Arts programme this year. Our local investments have created employment for thousands in Korea and we’re committed to developing up-and-coming Korean talent both behind and in front of the camera. We will continue to explore ways to partner with the industry in Korea to develop growth opportunities for the country’s creative community.”
Established by the Korean Film Council in 1984, KAFA is Korea’s top educational film institution and offers programmes in directing, cinematography, animation and producing. Many of the films produced by KAFA’s programmes have won awards at both domestic and international film festivals.
This is the first year that Netflix is sponsoring a KAFA programme through the Netflix Fund for Creative Equity. Since its inception in 2021, the fund has empowered more than 150 filmmakers in Asia-Pacific to create and tell their stories through numerous Netflix-backed film programmes, camps and workshops.