Tax Credit - South Korea-Seoul

http://eng.seoulfc.or.kr/
Film Production-Support Program
Provides up to 25%, or up to 100,000,000 KRW (approx. 89,000US$), as cash rebate on production costs (location spend) for film projects to be shot in Seoul. For projects with extraordinary high marketing value, the cap can be lifted.

Eligibility
Producers or production companies of any nationality with:
• A project with a minimum 6 shooting days (4 shooting days for infotainment) in Seoul
• An international or Korean-international co-production project
• A project with a minimum of 60 minutes running time
• A feature film, documentary, series and mini series, infotainment; theatrical or TV
• At least one signed distribution contract or pre-sales agreement for the project

Application
Accepted all year round, but at least 4 weeks before the shooting in Seoul begins.

Payment
50% cash on first day of principal photography, 50% cash after submission of final accounting*
* With performance bond policy. Without performance bond policy: 100% after submission of final accounting.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!