Singapore, South Korea ink prod'n deal
EmptySINGAPORE -- Government media agencies from South Korea and Singapore on Thursday signed a co-production agreement at a ceremony in Singapore.
Television content created under the agreement between the Korean Broadcasting Commission and the Media Development Authority of Singapore will be considered local in Korea and Singapore. Both countries have local programming quotas on broadcast networks.
KBC chairman Cho Chang Hyun said the commission had received official clearance to allocate funds for Korean co-productions. Details remained confidential, he said.
MDA chairman Tan Chin Nam said he expected to sign further memoranda of understanding with Korean agencies, including the Korean Culture and Content Agency.
The signing follows the memorandum of understanding announced between the MDA and KBC in January 2005 under the pending free trade agreement between Korea and the Association of South East Asian Nations, of which Singapore is a member. The final free trade agreement is expected to be signed in November.