Daekyo Investment, The Invention Lab, etc.
Focus on IP and Video Content Development, Investment Consideration Also Underway
The Korea Creative Content Agency (KOCCA) announced on the 2nd that it signed a business agreement with six private investment institutions on the 29th of last month to discover promising K-content. The goal is to establish a content finance ecosystem based on mutual cooperation.
The agreement involved Daekyo Investment, The Invention Lab, Logan Ventures, Lotte Ventures, Central Investment Partners, and Union Investment Partners. Going forward, as partners of the content pitching platform 'KNock,' they plan to prepare various support measures to attract investment for content companies. These include joint planning and development of cooperation programs, discovering and selecting promising content, utilizing existing networks and infrastructure, and joint online and offline promotion. KNock is a project KOCCA has been promoting since 2015 to support promising content companies struggling to secure funding.
KNock partners will also discover excellent K-content and content companies together with KOCCA. Daekyo Investment focuses on animation and characters, The Invention Lab on content services and platforms, Logan Ventures on games and metaverse content, Lotte Ventures on digital content such as virtual characters, Central Investment Partners on games and dramas, and Union Investment Partners on original intellectual property (IP) and video content. They plan to provide 1:1 mentoring tailored to the growth stages of companies as well as consider investment reviews. Cho Hyun-rae, President of KOCCA, stated, "Most content companies still face difficulties in raising funds due to a lack of financial expertise and networks," adding, "We will connect investors and content companies and lead successful investment attraction through intensive support reflecting industry demands."
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Meanwhile, KOCCA will recruit KNock participant companies next month. Together with KNock partners, eighteen companies will be selected, and capacity-building programs and demo days will be held. For more details, please refer to KOCCA’s website.
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