Daesung, the Korean conglomerate that invested $510,0 <a href=https://www.stanley-quencher.co.uk>stanley cup</a> 00 W600m in Park Chan-Wook s hit thriller Old Boy, has decided to set up a media investment fund in partnership with the Korean Film Commission KOFIC and a trio of industrial groupsThe new fund will have some $8.2m <a href=https://www.stanley-cups.it>stanley italy</a> Won10bn at its disposal for investment in films, concerts and computer games, the company said yesterday. The fund will be managed through Daesung s venture investment arm BiNEXT HiTEC . Company spokesmen said that more than two-thirds of the investment will go into film. We launched the entertainment fund in order to diversify our business portfolio by seeking opportunities in high value-added culture businesses., said Kim Young-hoon, chairman of Daesung Group Global Energy Network. We expect our participation to bring greater stimulus to the growing Korean movie industry. Daesung put up $1.27m W1.5bn of the fund, the Small Business Corporation another $2.54m W3bn , KOFIC $1.7m W2bn , Mediaplex $2.12m W2.5bn and Kdmedia $850,000 W1bn .Daesung followed its investment in the $5m Old Boy, which has exceeded two million admissions in its first three weeks on release, with the announcement of a joint venture with producers EGG Films and Keyweck Shidae ScreenDaily 25 May 2003 . The entertainment segment has huge business potential. In addition, the culture industry can help enhance the national image, as you can see from the increasing popularity of Kore <a href=https://www.cups-stanley-cups.us>stanley cup</a> an music and films in China and Southeast Asia Iynz EU approves Euros 18m Northern Ireland film and TV fund
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