The 21st Busan International Film Festival was held from October 6 to October 15, 2016 at the Busan Cinema Center and was hosted by Sol Kyung-gu and Han Hyo-joo. A total of 301 films from 69 countries will be screened at the festival, including 96 world premieres and 27 international premieres. A new Vision-Director Award will be given to two promising directors of newly produced independent films in the Korean Cinema Today-Vision section, who have shown the most outstanding production skills. The winner will get a cash prize reward of 5,000 USD sponsored by MEGABOX.