Film Tax Incentive South Korea: A Guide to South Korea's Film Tax Incentives
KOFIC Location Incentive — A 25% Cash Rebate on Qualified Korean Spend
This guide covers South Korea's main film production incentive — the KOFIC Location Incentive cash rebate — and how international productions qualify for it.
As Fixers in Korea, we bring local expertise to international productions filming in South Korea. Our team's deep knowledge of local regulations, crew networks, and production infrastructure ensures your project runs smoothly from pre-production through delivery.
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Common Questions
What rate does the KOFIC Location Incentive pay?
The KOFIC Location Incentive is a 25% cash rebate on qualified Korean spend for foreign shoots of more than five days that reach at least KRW 400 million in qualified production expenditure. The rate is 15% if the application is submitted after shooting in Korea has finished.
When will I receive the cash rebate?
The rebate is paid as a grant after your Korean shoot wraps and KOFIC has reviewed the final audited cost report and compliance documentation.
Is there a cap on the rebate amount?
Yes. The rebate is capped at KRW 300 million per foreign project (KRW 400 million for co-productions), and the available amount can also depend on the location incentive fund's remaining annual budget when you apply.
Does the incentive cover documentaries?
Yes. The KOFIC Location Incentive expressly covers foreign feature films, television series, and documentaries, provided more than 80% of the production cost is foreign-financed.
Do I need a Korean production company?
Yes. Work with a Korean production services company. Fixers in South Korea can serve as your local partner and handle the application and on-the-ground requirements.
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Maximize Your Production Budget in South Korea
Plan your shoot to clear the KOFIC thresholds — more than five days on the ground and at least KRW 400 million in qualified Korean spend, with foreign capital above 80% of the budget — and apply before shooting to secure the full 25% rate (15% for post-shoot applications). Contact Fixers in Korea to discuss your next project.