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Pusan's Asian Cinema Fund Selects 25

The Pusan International Film Festival's organizing committee has announced the selection of 25 projects for its Asian Cinema Fund (ACF) 2009. Under three categories, Script Development, Post-Production, and Asian Network of Documentary(AND), ACF will support 10 Korean and 15 Asian projects.

ACF also announced the launch of 2 new funds which take effect in 2010. The first is the Overseas Korean Project Fund which is designed to assist Korean filmmakers residing abroad. KO Young-jae, CEO of Studio Nurimbo, which produced the hit documentary "Our School", initiated the fund. A total of US $83,000 will be made available.

Also added from next year is the AND Distribution Support fund, created by Lee Chung-ryoul, the star director of "Old Partner". His endowment of $83,000 will be used to to provide distribution aid to 1 Korean film and also to support acquisition of local distribution rights for 2 Asian films.

Among the notable Korean directors selected this year for ACF support are Yoon Seong-ho, dubbed a "next generation director" for his acclaimed debut comedy-drama "Milky Way Liberation Front", and Baek Seung-bin, winner of the PIFF NETPAC Award 2008 for his feature debut "Members of the Funeral".

Nigel D'Sa (KOFIC)

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