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BackSouth Korean President Lee Jae Myung to co-chair global cinema summit in France
South Korean President Lee Jae Myung to co-chair global cinema summit in France
Politics
Yonhap News35 minutes agoPolitics1 min readSouth Korea

South Korean President Lee Jae Myung to co-chair global cinema summit in France

Initiative includes 500 million euro investment for global cinema sector over five years

lee jae myungemmanuel macronlumiere summit

Quick Look

South Korean President Lee Jae Myung and French President Emmanuel Macron are set to co-chair the Lumiere Summit in Saint-Paul-de-Vence, France, to announce a 500 million euro investment initiative aimed at supporting the global cinema industry.

AI-generated summary

Why It Matters

The summit addresses shifts in the environment threatening the cinema sector. Participating countries plan to establish funds for local content and joint productions.

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By Park Boram

Saint-Paul-de-Vence, France, Sept. 7 (Yonhap) -- South Korean President Lee Jae Myung was set to co-chair a global summit on the future of cinema in Saint-Paul-de-Vence, France, on Monday, and announce a large-scale investment initiative for the global cinema sector.

Lee, alongside French President Emmanuel Macron, will co-chair the Lumiere Summit, where he plans to deliver a speech outlining efforts to address a shift in the environment that is threatening the cinema sector.

The summit will bring together policymakers, politicians and artists involved in the cinema and game industries from 30 countries to discuss the future of cinema and beyond.

During the summit, Lee and Macron will jointly declare an initiative to invest a total of 500 million euros (US$580.9 million) for a five-year period starting in 2027, Seoul's presidential spokesperson Kang Yu-jung said in a release.

Under the initiative, participating countries will set up funds to financially support local content companies and seek joint production projects between those countries.

Lee will also hold a meeting with South Korean producers and actors invited to the summit, including film director Lee Chang-dong, followed by a roundtable with major entertainment powerhouses, including CJ ENM and Netflix, to promote cooperation between South Korean and global companies.

What to Watch

AI outlook โ€” possibilities, not facts

  • Launch of 500 million euro investment fund for cinema in 2027

    Likely ยท Within years

Open Questions

  • Which other countries are participating in the 500 million euro fund?

Related Topics

lee jae myung
PeopleLee Jae MyungEmmanuel MacronKang Yu-jungLee Chang-dong
OrganizationsCJ ENMNetflix
PlacesSaint-Paul-de-VenceFranceSeoul
Topicsemmanuel macronlumiere summitcinemafranceinvestment
This article was originally published by Yonhap News.

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