South Korea's CJ Backs Emerging Filmmakers

The country's entertainment giant announced two winners of its Butterfly Project, which funds, produces and distributes films by up-and-coming directors.

SEOUL -- South Korean entertainment giant CJ E&M (CJ Entertainment) announced Monday two winners of the 2013 Butterfly Project, an open call for scripts by up-and-coming local directors.

Yeongaeui Chimmuk (Young A's Silence) by Jo Seul-ye and Glory Day by Choi Jeong-yeol have won the competition. CJ says it hopes to invest in, produce and distribute these winning projects.

PHOTOS: Korea Box Office 2013: Top 10 Movies

It will provide filmmakers the necessary financial assistance to develop their scripts and, depending on the outcome, will fund some $290,000 (300 million won) for production and distribution costs.

Yeongaeui Chimmuk is a horror thriller set in a multiplex house, where the residents are suspects of a child's murder there. It received positive feedback for naturally turning elements of finely wrought suspense into horror.

Glory Day is a coming-of-age story that looks into an event that changes the lives of four 19-year-olds overnight. Judges have noted how it brings a novel perspective to conventional coming-of-age films.

This year, the Butterfly Project accepted 79 submissions, of which 11 were final candidates. A panel of judges chose the winners based on their uniqueness, creativity and potential for reaching audiences. Judges also conducted interviews with candidates.

The project initially launched in 2010 as part of the local Cinema Digital Seoul (CINDI) film festival, and became an independent competition last year. A winner of the competition, Steel Cold Winter by Choi Jin-sung, got its theatrical release in November after premiering at the New Currents section of the 2013 Busan International Film Festival (BIFF).