The Script Development Fund is organized to assist Asian filmmakers in the completion of their scripts. This fund aims to support talented Asian filmmakers, to broaden the quality of film projects being developed in Asia, and to enhance the possibility of the projects eventually being produced. Through this fund scheme, selected projects will be awarded 10 million Korean won (approximately 10,000 USD) each.

This year, 3 Korean and 5 Asian projects have been supported by the Script Development Fund. One of 5 Asian projects is AFA project. Busan International Film Festival's Asian Film Academy (AFA) fosters Asian young talented filmmakers and establishes an Asian filmmaker network. ACF's support to AFA fellow was made possible in cooperation with Showbox/Mediaplex Inc.