Wave Confirms CEO Lee Taehyun's 3-Year Reappointment: "Paid Subscribers Doubled"

Resolution of the Board of Directors on the Afternoon of the 29th
Critical Moment Ahead of Global Expansion and IPO

[Asia Economy Reporter Cha Min-young] Content Wave, the operator of the domestic online video (OTT) service 'Wavve,' decided on the reappointment of CEO Lee Tae-hyun on the 29th.

Content Wave announced that it held a board meeting in the afternoon and appointed Lee Tae-hyun as CEO. His term will last until the regular shareholders' meeting in 2025, three years from now.

CEO Lee Tae-hyun, a former KBS PD, served as a New York PD correspondent, head of the programming policy department, and head of the content business division before being appointed CEO of Content Union Platform (provider of POOQ) in May 2019. After his appointment, he launched Wavve, the leading domestic OTT platform that integrated 'Pooq' and 'Oksusu,' in September of the same year.

During Lee's term, Wavve experienced rapid growth, with paid subscribers more than doubling. Revenue also grew approximately 2.4 times compared to 2019, his first year in office.

The Content Wave board decided on the CEO's reappointment to ensure Wavve's continued growth at this critical time when it needs to concretize future visions such as global media business expansion and an initial public offering (IPO).

CEO Lee Tae-hyun stated, “We will pool our capabilities so that Wavve can establish itself as a world-class K-content platform.”

◆ CEO Lee Tae-hyun's Career

▶ Born in 1968 ▶ Joined KBS ▶ KBS News Headquarters International Department New York PD Correspondent ▶ Head of Programming Policy at KBS Content Creativity Center ▶ Head of Content Business Division at KBS Content Business Bureau ▶ Director of KBS Content Business Bureau ▶ CEO of Content Wave

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