Ministry of Culture, Sports and Tourism has announced and worked on roadmap for globalization of Korean culture since 2011. As a result, ‘Global Contents Fund’ was created and 40 billion won was invested to Sovic Global Contents Investment Cooperative via the Small and Medium Business Administration, which managed fund of fund by the Government in April 2011. Along with it, around 123.6 billion won Global Contents Fund has finally been created with domestic and foreign private investors. This has been the largest scale of single contents fund. The Second Global Contents fund was even harder to be organized. Leading Investment, which Korean Venture Investment decided to invest had organized ‘Leading NEW-GEN Global Contents Investment Cooperative’ which was around 135 billion won. Nevertheless, it gave up the right as a Trust management company(GP) because it failed to attract investment from LP, which were foreign investors. Ministry of Culture tried to reorganize this unfinished the second fund with Daesung Private Equity, Inc. - Company K Consortium. However it failed to raise the investment of 100 billion won and gave up GP as well. At that time, CJ Private Equity, Inc. which took the second rank has taken over the right of operation. It failed to form the fund eventually in the end of 2013. In these reasons, as of yet, 2014, the Second Global Contents Fund is far from certain for two years since the Government planned it. The wrong policy by the Government caused this problem. The Government failed to form fund because of excessive regulations although it planned to launch Korean cultural industry abroad by Global Contents Fund. This thesis discusses fund and fund policy which is the most important in contents industry including film.