Major domestic management agencies and film producers have agreed to cooperate in capping the appearance fees for actors in government-supported mid-budget films at less than 10 percent of the net production cost.
The Ministry of Culture, Sports and Tourism 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 Ministry 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 cost.
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 a 10 billion won mid-budget film production support program in 2025 to revive the stagnant Korean film production ecosystem, and has expanded the support scale to 46 billion won this year.
The Ministry explained that this agreement is significant in that the acting and management industries have empathized with 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.
At the signing ceremony, Minister Choi Hwi-young expressed his gratitude, stating, "The promise to voluntarily participate in setting a cap on actor fees is more than just a reduction in production costs; it is a warm act of solidarity and a courageous, mature decision to revive Korean cinema together."
He added, "This wave of mutual growth will become the most powerful energy that makes people want to watch our films again."
Han Sang-jun, Chairperson of KOFIC, expressed his expectations, saying, "Amidst rising production costs and shrinking investment, support for mid-budget film production will serve as a catalyst for the diversity and sustainable growth of Korean cinema."
Son Seok-woo, CEO of BH Entertainment, said, "It is time to look back at the various imbalances and structural problems of the industry together and build a healthier ecosystem," adding, "I hope today's agreement will be the first step in contemplating 'how we can create an industry that can last together for a long time.'"
Lee Eun, representative of the Korean Film Producers Association, also remarked, "We in the field will also do our best to ensure that this agreement shines through truly great films."