Korea, Japan, Thailand to enter joint work for Cannes Film Festival

The 1.5 billion won (US$1.3 million)-project will be produced by Kim Dong-ho, executive chairman of South Korea's Pusan International Film Festival (PIFF), and joined by Korean director Jang Jun-hwan, Japan's Isao Yukisada and Thailand's Wisit Sasanatieng.

The project was announced during the ongoing Pusan film festival, one of Asia's most influential film fests, titled using the old Romanization of Busan city's name. The event runs through Oct. 16, featuring 355 films from 70 countries as the largest of the annual event to date.

"I decided to participate as a way of paying back respect to PIFF," said Japanese director Yukisada during the press conference here. "I would not be who I am today without the Korean film festival."

Yukisada has a strong fan base in South Korea as the creator of "Crying out Love, in the Center of the World (2004)" and had several of his works screened during the previous PIFF events.