The Wonderfilm Media Corporation announced the Company's newest subsidiary, Wonderfilm Korea with Peter Lee, appointed as its CEO and an office to be opened in Seoul, South Korea. Wonderfilm Korea will immediately own and control the Korean and Vietnamese television, film and media release rights to Wonderfilm's slate of future and current productions. All revenue from rights will be shared 50/50 between parent and subsidiary. Through this new subsidiary, Wonderfilm Korea has a strategic agreement with Jong Hong Park, the CEO of Trueever Co. Ltd. to financially participate in mutually approved new Wonderfilm productions as an equity-investing partner primarily for movies and television series featuring South Korean Directors and/or actors or when the shooting location is Korea.

Peter Lee is a Canadian Chartered Professional Accountant (CPA, CA) with more than 18 years of experience in both public practice and industry experience. Mr. Lee is currently the CFO and Director of several companies both public and private (an IT/Education company, a Concert/Entertainment company, a Marketing company, and two CPC's on the Venture Exchange).