Actor Fees for Government-Supported Mid-Budget Films to Be Capped Under 10% of Production Costs

Major domestic management agencies and film producers have agreed to cooperate in capping the appearance fees of actors in government-supported mid-budget films at less than 10 percent of the net production costs.
The Ministry of Culture, Sports and Tourism (MCST) and the Korean Film Council (KOFIC) announced that they would sign the "Agreement between the Government, Production Companies, and Management Agencies for the Revitalization of Korean Film Production" this afternoon at the National Museum of Modern and Contemporary Art, Seoul.
The signing ceremony will be attended by officials from the MCST and KOFIC, representatives from top-tier domestic management agencies such as BH Entertainment, Management SOOP, and J,WIDE-COMPANY, as well as the Korean Film Producers Association and the Producers Guild of Korea (PGK).
Under this agreement, management agencies and the production industry will cooperate to ensure that the appearance fees for lead and supporting actors in projects supported by KOFIC's "Mid-Budget Film Production Support" program are set at less than 10 percent of the net production costs.
Furthermore, to ensure this agreement does not remain a one-time event, the parties have decided to form a private-led autonomous consultative body involving management agencies, production companies, and investment distributors to continuously discuss ways to improve the production environment.
Previously, the government established the mid-budget film production support program in 2025 with a budget of 10 billion won to revive the stagnant Korean film production ecosystem, and it has expanded the support scale to 46 billion won this year.
The MCST explained that this agreement is significant in that the acting and management industries have expressed empathy for the government's efforts to "save Korean cinema" and have responded with voluntary participation and solidarity.
However, this agreement is a moral consensus without legal binding force.
Minister of Culture, Sports and Tourism Choi Hwi-young expressed his gratitude to the actors and the management industry, stating, "We will spare no policy support so that the government's financial backing and the film industry's promise of mutual growth can create a synergy effect, allowing Korean cinema to take a leap forward once again."
KOFIC Chairperson Han Sang-jun emphasized, "As mid-budget films are the backbone that supports the diversity and future of the industry, it is necessary to work together to create a healthier production environment."
※ Please note: This article was translated by AI and may contain errors.