Chinese Projects Prominent Among Busan's 2014 Asian Cinema Fund Winners

South Korea's Busan International Film Festival announced 29 projects by emerging Asian filmmakers that will receive financial support from Korean and Chinese firms.

SEOUL — South Korea's Busan International Film Festival has announced the 29 laureates of the 2014 Asian Cinema Fund, which included a strong presence of emerging Chinese filmmakers.

BIFF's signature financing program saw a record number of submissions that was up 30 percent from last year. Eight projects will receive assistance for script development, seven for postproduction and 14 others will be entitled to cash prizes for creating documentaries (Asia Network of Documentary, or AND, Fund).

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There was a hike in the number of Chinese documentaries — Dust by Zhao Liang, Liu's Rhapsody by Li Xiaofeng/Jia Kai and Weaving by Wang Yang — as Chinese postroduction company Forestt Studios joined ACF for the first time to support Chinese projects.

In addition to Forestt Studio, Korea's Korean Film Council, CJ Powercast, Digital Studio2L, Stareast Digital Lab, Studio SH and Wavelab STD will provide DI, sound mixing and DCP.

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The AND Fund is supported by Youngsan University, Dongseo University, Pusan National University, Busan Bank, BIFF Mecenat and Supporters of BIFF.

The 19th Busan Film Festival will open Oct. 2-11, while the Asian Film Market and Asian Project Market will be held Oct. 5-8.