Dexter studios (206560) announced on Sept. 19 that it has signed a contract with Chinese firm Active Felcon Films Production to provide visual effects for the movie “The Monkey King 3”. The contract is worth 7.6 billion won (US$6.76 million) and lasts from Sept. 14 to Dec. 31, 2017. The cost is equivalent to 29 percent of the company’s consolidated sales last year. By Park Yuna (yunapark@heraldcorp.com)