Knowledge-based and labor-intense cultural and creative industries are one of the most potential industries in the 21st Centuries. In which, the film industry has attracted various nations with commitment in the development of local film industries due to its features in high extensions and added-value creations.
The Korean film industry faced great waves of change in the 1990s due to the huge impacts to industries resulted from marketing opening. The Government implemented a number of specific revitalization programs for the film industry during the mid- or late- 1990s, in addition to continuously modifying bills in cope with demand in time, in order to drive reforms in film industry which also draws great attention from other nations with it success stories. The purpose of the study aims to analyze the success factors for Korean film industry and how Taiwan learns from the experience for the development of its film industry.
The Korean governmental policies and internal changes of the industries have been reviewed after the market opening. The background and policies of industrial development have been compared for the difference between the film industries from the two nations, using industrial value chain to review the overview of the overall film industries in Korea and Taiwan, in addition to evaluate the development of the film industries from the two nations through application of SWOT analysis.
The study results show the success factors for Korean film industry as described in the following four points: 1. Consistent and flexible government policies. 2. Diverse source of funds. 3. Vertical integration of industries. 4. Cross-industry integration.
Due to the difference in cultural background and industrial and economic environment, Taiwan is not required to comprehensively imitate the success experience from other nations. However, Taiwan is required to recognize and to review the revitalization and development of Korean film industry. The dimensions for learning are described below: 1. Set up special authority. 2. Policy reviews and disclosure of industry overview. 3. Build investment channels and platform diversification. 4. Personnel training.
