Nexon Signs Business Agreement with Parasite Producer Barunson E&A

[Asia Economy Reporter Seungjin Lee] Nexon announced on the 10th that it has signed a strategic business partnership agreement (MOU) with Barunson E&A, the production company of the film "Parasite."

Through this agreement, the two companies will share original copyrights they hold, original items under development, and secured creator lineups, and mutually cooperate in planning and developing new intellectual properties (IPs). Their strategy is to strengthen competitiveness in the content business by expanding IPs beyond genres and media.

Nexon and Barunson E&A will form an operational council through this agreement and provide each other with know-how and IPs related to film, drama, and game production. It is also expected that they will create synergy effects through collaboration in various fields such as joint investment, production, and partnership business rights.

Jungheon Lee, CEO of Nexon, stated, "As the importance of IP in the content industry is growing day by day, we expect that this MOU will further strengthen the competitiveness of both companies' content businesses. Nexon and Barunson E&A, each possessing top-level expertise in their respective fields, will strive to maximize synergy through collaboration."

Jinhong Park, CEO of Barunson E&A, said, "Through the MOU with Nexon Korea, we expect to concretize a transmedia strategy that builds an IP life cycle ecosystem by expanding creators' worldviews and visions regardless of genre, such as video and games. We will work hard to create and present various forms of content together with the global game company Nexon Korea."

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