South Korea and France launched the Lumiere Partnership at the Lumiere Summit in Saint-Paul-de-Vence, committing a combined 1 billion euros to their film and video industries from 2027 through 2031. Each country aims to invest 500 million euros under the five-year plan. President Lee Jae Myung heard from Korean directors, actors and industry executives that the domestic film sector is weaker than its global reputation suggests during a Monday meeting at Fondation Maeght, held before the inaugural summit's main program. Lee said South Korea would provide policy and institutional support for global co-production, investment and distribution partnerships, while urging cooperation between local creators, global capital and distribution platforms. He also said relevant ministries would examine a French tax-incentive model for private film investors after director Lee Chang-dong raised the Sofica mechanism. Korean and international industry executives attended meetings during the summit, alongside agreements involving SLL, Mediawan, NAVER, France's National Audiovisual Institute, the Korean Film Council and the Motion Picture Association.