10/06/2019

ASIA'S TOP FILM FESTIVAL : BUSAN


ORGANISERS of one of Asia's top film festivals, which opens in Busan this week, warn that a surge of global interest in the critically acclaimed South Korean film ''PARASITE'' masks a damaging underinvestment in local independent cinema.

Bong Loom-ho's darkly comic tale of class war in the Seoul suburbs won the Palme D'or for best film at Cannes and is firming as an Oscar favorite film next year, in what would be the first-ever win for a Korean film.

It has been sold to 192 international markets - a record for a local production - and has already grossed just over $90 million ahead of its highly anticipated October 11 release in the United States.

The film is a crowning achievement of veteran director Bong, whose works have been lauded by the likes of Quentin Tarantino and two-time collaborator Tilda Swinton.

His work has long been championed by the Busan International Film Festival, a gala event dedicated to both unearthing new independent Asian talent and connecting emerging filmmakers with financiers.

But Parasite's breakout success ''hides a crisis'' in the local film industry at large, said Naim Dong-chum, programme director at BIFF.

Nam said investors and cinema chains needed to help smaller independent productions find an audience in a market dominated by Hollywood funded blockbusters.

''We have indeed been lazy with building a strong foothold where new talents can blossom,'' he said. ''We can take advantage of opportunity only when independent and art films have a stable market share.''

Bong is not slated to appear at BIFF this year as he tours the world promoting his latest work, but the spotlight will shine on an impressive collection acclaimed international award winners.

''Call Me by Your Name;; star Timothee Chalamet and Indian Oscar winner A R Rehman of ''Slamdog Millionaire'' are expected to either grace the red carpet during the opening gala on Thursday or make an appearance in the days that follow.

''Leaving Las Vegas'' director Mike Figgis will head the jury for the festival;s main awards, while Japanese auteur Kore-eda Hirokazu will be in town to collect the Asian filmmaker of the year award and to present his latest feature,'' ''The Truth''.

The Korean star parade will be lead by opening night co-host Lee Hance, fresh from the success of her actioner ''Extreme Job'', now the second-highest grossing in Korean cinema history.

Local films will take pride of place with 20 world premieres in the Korean Cinema today section alone.

There's a nod to the rising influence of streaming platforms with four Netflix original productions on the programme, along with the world premier of the much-anticipated Malaysia-HBO co-production ''The Garden of Evening Mists.''

Thursday's opening film is acclaimed Kazakh director Yarlan Nurmukhambetov's ''The Horse Thieves. Roads of Time'', starring 2018 Cannes best actress winner Samal Yesleyamova.

His last appearance on BIFF saw him awarded the prestigious New Currents prize for early early career directors with his drama ''Walnut Tree'' in 2015.

BIFF runs from October 3 to 12 and features 303 films from 85 countries.

Separately, music maestro AR Rehman will perform live at the Bosan International Film Festival [BIFF]. Also, the ''99 Songs'' film, which is produced and co-written by the Grammy and Oscar-winning musician, will be screened at the festival.

Excited about the screening Rehman said : 'I am delighted to be a part of this amazing gathering of film enthusiasts and have the screening of our labour of love at BIFF.

The film's music is very special and so integral to its story that I feel compelled to introduce it to audience at this very special event before the screening. I'm looking forward to bringing them this celebration of cinema and music can't wait for the reactions.'' [Agencies]

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