September 15, 2015 10:06
Ko Eun-ah, the CEO of Seoul Cinema and actress from the 1960s and 1970s, donated W100 million to the Busan International Film Festival (US$1=W1,183).
The annual film festival, in its 20th year this year, kicks off on Oct. 1 and closes on Oct. 10.
"I learned of the tight budget of the festival and I also wanted to support [actress] Kang Soo-yeon, who became the co-executive director this year," Ko said.
Asia's largest film festival is suffering financial difficulties as the Korean Film Council has reduced funding. Major distributors including CJ Entertainment, NEW, Lotte Entertainment and Showbox will reportedly increase their contributions to fill in the gaps.
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