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 direction and profitability," he said. "Since it is being conducted on a two-track basis, we will continue to communicate with the market when we can announce it."

In particular, he said, "The most important criterion is that market prices can benefit ordinary investors in the future and do not lower their value," adding, "Companies see it as the same criterion. We are putting a lot of effort into development and marketing because we are looking at it from various angles."

Learn more at: https://www.koripc.com/

Media Contact

Organization: KORIPC

Contact Person: Alvin Hong

Website: https://www.koripc.com/

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Country:Hong Kong S.A.R.

Release id:15581

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