KORIPC Secures Strategic Investments to Build Growth Engines
Hong Kong S.A.R., 12th Aug 2024 – Koripc has announced that it has secured investment from Legatum, a global investment group which has said it will invest its stake in Koripc. Koripc also announced its global entry into blockchain of K-POP contents, to secure new rights in various genres, and implement a two-track strategy to increase profitability through mergers and acquisitions (M&As).
“We promote genre diversification through internal resources, but when we need cooperation with the outside world in genre and region, we proceed through investment,” an official of Legatum said in a conference call for the second quarter’s earnings announcement on the 6th.
“Investments may have early stages, and there may be investments for copyright. It is done in terms of improving overall dire...