France and South Korea aim to boost the international film and moving image industry with a total of around one billion euros strengthen. This was announced by Presidents Emmanuel Macron and Lee Jae Myung at the Lumière Summit in Saint-Paul-de-Vence, in the south of France. The funding is to amount to between 2027 and 2031 be mobilised.

Both countries aim to use this to strengthen their domestic film and audiovisual industries on the international stage, whilst at the same time promoting cross-border cooperation. France and South Korea are regarded as major production hubs, whose films and TV series are also successful internationally.

On the French side, the state-owned investment bank intends to Bpifrance 500 million euros to support businesses in the film and moving image sector. The measures envisaged include equity investments, funding for innovation and research, as well as co-financing and guarantees. South Korea is also providing 500 million euros.

The protection of intellectual property and the fight against Online piracy were on the agenda. The Motion Picture Association (MPA) signed two declarations on the future of cinema and moving images, and on international cooperation to combat audiovisual internet piracy.

With this multi-billion package, France and South Korea are sending a clear signal in the international competition for Capital, productions and creative talent. The Lumière Summit is intended to mark the start of a broader international alliance – other countries are invited to join the initiative.