, ▁to ▁be ▁set ▁up ▁as ▁a ▁self - reg ulating ▁body ▁that ▁could ▁inst itute ▁film ▁policy ▁without ▁requiring ▁the ▁rat ification ▁of ▁the ▁Ministry ▁of ▁Culture . ▁It ▁changed ▁its ▁name ▁once ▁more ▁to ▁Korean ▁Film ▁Council ▁in ▁ 2 0 0 4 ▁to ▁avoid ▁confusion ▁with ▁local ▁film ▁comm issions ▁that ▁provide ▁support ▁for ▁location ▁shooting . ▁ ▁R oles ▁K OF IC ▁is ▁composed ▁of ▁nine ▁commission ers , ▁including ▁one ▁full - time ▁chairman ▁and ▁ 8 ▁committee ▁members ▁appointed ▁by ▁the ▁Ministry ▁of ▁Culture , ▁Sports ▁and ▁Tour ism ▁in ▁order ▁to ▁discuss ▁and ▁decide ▁on ▁the ▁main ▁policies ▁related ▁to ▁Korean ▁films . ▁ ▁It ▁a ims ▁to ▁promote ▁and ▁support ▁Korean ▁films ▁both ▁in ▁Korea ▁and ▁abroad . ▁Its ▁primary ▁objective ▁is ▁to ▁promote ▁and ▁support ▁the ▁production ▁of ▁Korean ▁films ▁through ▁fund ing , ▁research , ▁education ▁and ▁training . ▁It ▁also ▁st riv es ▁to ▁further ▁develop ▁international ▁mark ets ▁for ▁Korean ▁films ▁and ▁to ▁promote ▁inter - c ult ural ▁understanding ▁through ▁film - based ▁cultural ▁ex changes . ▁ ▁Tim eline ▁( 1 9 7 3 - 2 0 1 3 ) ▁April ▁ 1 9 7 3 ▁- ▁F ounded ▁as ▁Korea ▁Mot ion ▁Picture ▁Prom otion ▁Corporation ▁March ▁ 1 9 8 4 ▁- ▁Korean ▁Academy ▁of ▁Film ▁Arts ▁( K A FA ) ▁established ▁October ▁ 1 9 9 7 ▁- ▁Korean ▁Film ▁Prom otion ▁Fund ▁established ▁November ▁ 1 9 9 7 ▁- ▁Comple tion ▁of ▁Nam