Corpus Korea Signs Drama Co-Production Agreement with Monster Union

[Asia Economy Reporter Hyunseok Yoo] Corpus Korea, a Hallyu content overseas distribution specialist company currently undergoing a merger listing with DB Financial SPAC 7, announced on the 2nd that it will start an original IP (intellectual property) development project in collaboration with drama production company Monster Union.

Monster Union's major works include the recently popular drama The Flower of Evil, as well as Dodosolsollalasol, Oh! Samkwang Villa!, Joseon Loco - Nokdujeon, and Suits, gaining attention as well-made dramas across various genres.

Corpus Korea, established in 2005, is a Hallyu content distribution company that has distributed Hallyu content to the Japanese OTT market for about 15 years. Its representative works include dramas such as Goblin, The Legend of the Blue Sea, 100 Days My Prince, Grand Prince, and Prison Playbook, as well as popular variety programs like Three Meals a Day, Youn's Kitchen, New Journey to the West, and Infinite Challenge. Recently, it acquired the distribution rights for the popular tvN drama Tale of the Nine Tailed.

Jung Haeryong, CEO of Monster Union, stated, “Through this joint drama production contract, we expect a successful project by creating synergy between our company's high-quality drama production capabilities and Corpus Korea's solid Hallyu distribution network and strategy.”

Oh Youngseop, CEO of Corpus Korea, said, “Based on 15 years of overseas distribution know-how and 477 titles, we analyzed which Hallyu themes can succeed overseas using our accumulated database. Through this, we are confident in producing works that can be hits abroad. Additionally, with the merger listing with DB Financial SPAC 7, our company is ready for a quantum leap.”

Corpus Korea plans to list on KOSDAQ on December 28 following the merger approval at the shareholders' meeting scheduled for November 9 with DB Financial SPAC 7.

The merger price of Corpus Korea is 2,000 KRW. The merger ratio is 1 to 52.65, and the total number of shares issued after the merger will be 34,305,674 shares.

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