On the 30th, the 'Forum for the Introduction of K-content Production Cost Tax Credits' will be held at the 1st Small Meeting Room of the National Assembly Member's Office Building.

This event is co-hosted by four cross-party lawmakers—Cho Seung-rae, Kim Seung-su, Park Jeong-ha, and Im O-kyung—alongside the Korea Association of Game Industry, Korea Mobile Game Association, Korea Music Label Industry Association, and Korea Music Content Association.

The hosts explained that as the global footprint of South Korean cultural content continues to expand, more proactive support policies are required to secure the competitive edge of the game and music sectors, which hold significant weight in the industry.

A congratulatory speech from Minister of Culture, Sports and Tourism Yu In-chon is scheduled, with former announcer Kim Il-jung moderating. Song Jin, head of the Content Industry Policy Research Center at the Korea Creative Content Agency, will deliver a presentation titled 'Expanding Content Tax Credits for the Next K,' detailing the effects of tax support on games and music. This will be followed by Chae Jong-seong, leader of the Tax Team at Yulchon LLC, who will present on 'International Cases of Tax Support for Cultural Content.'

The discussion panel features industry representatives: Hwang Wook, CFO of Neowiz; Kim Hyun-kyu, Senior Vice President of the Korea Mobile Game Association; Lee Kyung-jun, CFO of HYBE; and Lee Joo-yup, CEO of JNH Music, representing the four co-hosting associations.

Furthermore, the lawmakers and association representatives intend to sign a policy agreement to pool a certain percentage of the tax savings generated by these new incentives into a fund, which will then be reinvested back into their respective fields.

Assemblyman Cho Seung-rae noted, "While the global stature of K-content grows by the day, the industry is crying out for help. We need to foster an ecosystem where small and medium-sized enterprises can thrive through active state support."

Assemblyman Kim Seung-su added, "Music and games are the core pillars of K-content representing South Korea, boasting infinite added value and potential. As a co-representative of the National Assembly Game Policy Forum, I will do my utmost to institutionalize these tax benefits to sharpen our competitive edge globally."

Assemblyman Park Jeong-ha stated, "Production cost tax credits are essential for the sustained growth of our globally competitive K-content. This forum will serve as a platform to seek institutional support, ensuring creators and companies can produce works with stability."

Assemblyman Im O-kyung concluded, "To usher in an era of 50 trillion won in K-content exports, we must support the entire industry, including games and music. I intend to listen to the voices from the field and push for institutional improvements, including revisions to the Restriction of Special Taxation Act."