China has invested heavily in South Korea's entertainment and cultural industry with a total investment of 3 trillion won

South Korean media said that China capital is flocking to the entertainment industry. Companies such as Huace Film and Television, Suning Universal, Huayi Jiaxin have invested in Korean entertainment companies to lay out the Korean entertainment industry. The capital trend has been called "the spread of China funds" by the Korea Cultural Promotion Agency.

South Korean media said that China capital is flocking to the entertainment industry. Huace Films and Television is the second largest shareholder in NEW, the investment and distribution company of the movie "Yanping Battle"; while ChorokbaemMedia and RedRover, the production companies of the TV series "The Producer" and the animation "The Nut Job", are the largest shareholders in China.

According to a report on the website of South Korea's "Central Daily News" on January 28, Green Snake Media, which is famous for producing TV series such as "The Producer","Oh My Ghost","Love in Los Angeles", and "Push Slave", produced RedRover, which was the first to be released in the United States, and China is their largest shareholder. Judging from the end of last year, China DMG Entertainment Media Group held about 25% of Green Snake Media and Suning Global held about 20% of RedRover.

According to reports, in the new year, China's investment in South Korea's cultural media industry is also expanding. China will also become its largest shareholder, both the company owned by actors Li Meiyan and Jin Hyun-ju, and the co-production company of the TV series "Cone Nail".

According to news on January 25, China Huayi Jiaxin will become SIGNAL's largest shareholder through a paid capital increase of 21.4 billion won. Dexter, the film and television special effects company of the movie "The Gorilla", also received about 20 billion won (approximately 110 million yuan) in investment from China companies such as Wanda Group subsidiaries last year before the launch of KOSDAQ.

According to the report, this movement of China capital was called "the proliferation of China funds" by the Korea Cultural Promotion Agency (hereinafter referred to as Wen Jinyuan).

Wen Zhenyuan believes that one of the top ten trends in the cultural industry in 2016 is "the spread of China funds and the counterattack of China culture." Wen Zhenyuan also predicted that China's capital will continue to invest in South Korea's cultural industry and increase its influence. At the same time, cultural products made by China may also enter South Korea.

Wen Zhenwon also speculated that "the combination of South Korea's excellent human resources and China's capital and storylines may increase the competitiveness of the cultural industry itself."

According to the report, recently in the cultural industry, not only China capital has invested in South Korea, but also South Korea's human resources have entered China. A good example is that director Jin Rongxi, who was born in MBC, produced the variety show "Whirlwind Filial Son" in China.

According to the report, cultural products such as games and entertainment are areas where China capital is particularly active in investing in South Korea. According to calculations by the Agency for Small and Medium-sized Enterprises (hereinafter referred to as the Agency for Chinese Enterprises), from the end of September last year, China capital, including Hong Kong, has invested a total of approximately 3 trillion won in more than 30 South Korean companies.

This is the result of research commissioned by Xijiang University by the Chinese Enterprise Administration and announced last month. From the perspective of various industries, about half of the more than 30 companies, or 17 companies, are in the games, Internet and entertainment fields. In terms of investment scale, 811 billion won has been invested in 11 game and Internet companies, and 138.6 billion won has been invested in 6 entertainment companies, with a total investment of nearly 1 trillion won.

The China Enterprise Administration predicts that due to institutional support such as "the simplification of investment procedures by the China government and the increase in investment recognition amounts," China capital's investment in South Korea will continue to expand.

Professor Ding Youxin from the Department of Business Management of Xijiang University, who is in charge of the research, analyzed,"Especially after South Korea and China announced the end of the substantive negotiations on the South Korea-China FTA in November 2014, China's capital's investment in the South Korean entertainment industry has continued to expand. Direct investment in order to avoid the import regulations of cultural products shows an increasing trend."

Professor Ding also said,"South Korea should regard this as an opportunity to obtain China's media circulation network and raise funds, and develop and move forward with China through a win-win solution."

According to the report, at the same time, Wenzhenyuan also compiled 10 major trends including the activity of online entertainment such as one-person programs, the activity of related cultural goods such as augmented reality and virtual reality, and the online comics economy and culture that spread the economic effects of online comics to the global market. The proliferation of commercial cultural products that combine industry and business.

Editor: vian