kdrama1-5, Exercise 1: Opening the industry

Model answer (any three):

- The Motion Picture Law of 1984 allowed independent filmmakers to begin producing films; a 1986 revision allowed more imports.
- A 1985 agreement lifted restrictions on foreign films; by 1988 UIP and 20th Century Fox had offices in Korea, and Fatal Attraction (September 1988) was the first film directly distributed by a US company, which Korean filmmakers protested.
- The Busan International Film Festival was first held 13 to 21 September 1996, the first international film festival in Korea. (A Film Promotion Law also passed in 1996.)
- Samsung released Marriage Story (1992), the first film released by a chaebol.

In 1993 domestic films held only 16 percent of the market, even with a screen quota of at least 146 days a year.

Sources: Wikipedia, Cinema of South Korea; Busan International Film Festival.