The South Korean government is betting big on animation, unveiling a $1 billion investment strategy aimed at transforming its cartoon industry into a global powerhouse.
The Ministry of Culture, Sports and Tourism on Thursday rolled out its “Basic Plan for the Promotion of the Animation Industry,” a sweeping five-year initiative designed to address long-standing structural weaknesses in the Korean animation sector, including overreliance on preschool content, heavy dependence on traditional television broadcasts, and challenging production conditions, according to The Korea Herald.
