< Korea-China Peng-You Project led by the MSIP Results in >

○ The Ministry of Science, ICT and Future Planning (MSIP) has established Korea-China Exchange Base in China Hwamigadae Center as a part of the Korea-China Peng-You Content Project. And several Korean content businesses started a Joint Content Company, which is worth KRW 13 billion, together with the Center.

- The Korean businesses that move into Korea-China Visual Culture Exchange Base in Hwamigadae Center will jointly work on Korea-China content exchange cooperation project with Hwamigadae Fund.

※ Hwamigadae is a center established with USD 500 million of fund invested by Beijing City, McDonald’s Davis Foundation and other institutions. Beijing University of Movies joined them later to open the Visual Culture Exchange Center on December 12, 2012 to promote investment in the content businesses, accelerate content distribution and provide support for R&D.