Naver Invests 1.4 Billion KRW in Entertainment Content Producer 'Momocon'

[Asia Economy Reporter Buaeri] Naver announced on the 4th that the 'NAVER-KTB Audio Content Specialized Investment Association' has made a 1.4 billion KRW equity investment in the new media entertainment content production company Momocon.

Naver operates the 'NAVER-KTB Audio Content Specialized Investment Association,' established with KTB Network with a total scale of 30 billion KRW, and continuously invests in new formats of audio content.

Momocon is a company producing audio content such as 'Moon Seyoon's Lonely Gourmet Quiz' and 'Seonho English' on Audio Clip since last year.

Kim Eun-jung, Naver Audio Clip Leader, said, "We will maximize the synergy between Momocon, which challenges various genres such as drama, documentary, education, and romance reality, and Naver Audio Clip to secure new entertainment content and provide users with more diverse content."

Kim Chang-geun, CEO of Momocon, stated, "The audio market is growing rapidly recently, and as the distribution of artificial intelligence (AI) speakers increases, there is a growing need for various audio content. I believe that the realm of listening enjoyment will expand as much as the enjoyment of watching."

This content was produced with the assistance of AI translation services.