CJ ENM Invests 100 Billion KRW Equity in KT Studio Genie
[Asia Economy Reporter Hwang Yoon-joo] CJ ENM announced on the 21st that it will acquire a 100 billion KRW stake in KT Studio Genie to strengthen the competitiveness of its channel and OTT business content.
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CJ ENM stated, "With this investment, CJ ENM Co., Ltd. and KT Corporation have signed a memorandum of understanding to promote business cooperation in various areas such as music and broadcasting, and plan to proceed by signing a formal contract in the future."
This content was produced with the assistance of AI translation services.
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