Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
Huayi Brothers to establish contents-related venture capital firm
By 황유미Published : Sept. 19, 2016 - 16:50
[THE INVESTOR] Huayi Brothers announced on Sept. 19 that it will set up Huayi Investment, a venture capital firm that specializes in investment in cultural contents by end-September.
The entertainment company will create a 50 billion won (US$44.64 million) fund that focuses on contents from South Korea and China within this year, and will invest in projects such as movies, dramas and web comics, and in media and contents-related startups.
“We aim to build a virtuous cycle within the company by investing in a variety of intellectual properties and media and contents related startups,” said the company CEO Ji Seung-beom. It will also secure profit by actively investing in contents developed by Huayi Brothers China, its largest stakeholder, he added.
The South Korean unit has been seeking to diversify its businesses and earlier this month acquired visual effects studio Mad Man Post whose works include blockbuster movies “The Tunnel” (2016) and “Roaring Currents” (2014).
By Hwang You-mee (glamazon@heraldcorp.com)
The entertainment company will create a 50 billion won (US$44.64 million) fund that focuses on contents from South Korea and China within this year, and will invest in projects such as movies, dramas and web comics, and in media and contents-related startups.
“We aim to build a virtuous cycle within the company by investing in a variety of intellectual properties and media and contents related startups,” said the company CEO Ji Seung-beom. It will also secure profit by actively investing in contents developed by Huayi Brothers China, its largest stakeholder, he added.
The South Korean unit has been seeking to diversify its businesses and earlier this month acquired visual effects studio Mad Man Post whose works include blockbuster movies “The Tunnel” (2016) and “Roaring Currents” (2014).
By Hwang You-mee (glamazon@heraldcorp.com)
