The Korea Securities Depository (KSD) is sponsoring the Busan International Film Festival (BIFF) with 50 million won to support its successful hosting and to boost the local culture and tourism industry. This marks the fourth consecutive year of sponsorship since 2023.
On the 25th, KSD announced that it signed an official sponsorship agreement with the Busan International Film Festival at its headquarters in Busan. KSD has been supporting the festival since 2023 and will provide 50 million won for the 31st Busan International Film Festival.
This sponsorship aims to support the successful hosting of the Busan International Film Festival, a major international cultural event, and to contribute to the revitalization of the local culture and tourism industry by attracting domestic and international tourists.
Yoon Soo, President of KSD, stated, "I hope the Busan International Film Festival continues to grow as a representative international cultural event that attracts people from around the world," adding, "We will continue to contribute practically to enhancing Busan's international status and revitalizing the local economy."
In response, Park Kwang-soo, Chairman of the Busan International Film Festival, remarked, "This is an opportunity to share the achievements of our long-standing partnership with KSD," and pledged, "We will strive to establish the Busan International Film Festival as a film festival recognized for its international value."
In addition to sponsoring the film festival, KSD continues its social contribution activities aimed at community coexistence, including support for cultural and artistic initiatives in the Busan area, nurturing future talents, and assisting vulnerable groups.
Specifically, KSD supports cultural and artistic experiences for children and youth from underprivileged backgrounds, as well as scholarship programs for local IT and business students and support programs for youth preparing for independence.
* This article has been translated by AI.
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