Film Tax Incentive South Korea: A Guide to South Korea's Film Tax Incentives
30% Base Tax Rebate — Up to 40% for VFX & Animation Projects
This guide covers the key film tax incentives and production rebates available for international productions.
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
Can I combine the cash rebate with the tax credit?
Yes. The 30% base Korea Location Incentive rebate (or 40% enhanced rate) can be paired with KOFIC (Korean Film Council) national tax credits when structured as an approved Korean co-production. Expenses cannot be double-counted.
When will I receive the cash rebate?
The KOFIC (Korean Film Council) typically releases the rebate 6–9 months after receipt of complete audited cost reports and compliance documentation.
Is there a cap on the rebate amount?
The rebate is capped at $30 million per audiovisual work and is paid as a single disbursement.
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 all requirements.
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Include Korean or Asian cultural elements to pass the cultural test. Eligible digital processing covers VFX elements, environment changes, and camera POV adjustments. Approved works must align with cultural criteria set for each genre. Contact Fixers in Korea to discuss your next project.