SOUTH KOREA

Qualified Production Expenditure (QPE) is defined as expenditure incurred from preproduction stages to postproduction stages with respect to the audio-visual works production. Postproduction costs or labor costs for actors/actresses and staffs must not exceed 50% of the total QPE and the total costs for the main cast must not exceed 30% of total labor costs the production applies for.

Provisional application documents must be submitted no later than 30 days and no earlier than 90 days prior to the commencement of principal photography in Korea.

Eligible works must receive approval from the Review Committee, who will evaluate, among other things, the following three elements:

1. the degree to which the work promotes tourism ("tourism expansion");
2. the degree to which the work contributes to the Korean film industry ("quantitative contribution"); and
3. the extent to which the foreign producer participates in the production of the work ("foreign engagement")