Musicow to Auction Copyrights of Group god's 'Gwancharl' Next Month

Submission of Securities Registration Statement for Profit Securities Issuance
Thornapple's 'Hannat' and Auction Next Month
'Gwanchar' from March 15, 'Hannat' from March 20

Music investment platform Musicow announced on the 21st that it has submitted securities registration statements for the song 'Gwanchal' by the national group god and the song 'Hannat' by the indie band Thornapple.

Photo by Musicow

The day before, Musicow filed a securities registration statement with the Financial Supervisory Service to issue 5,000 beneficiary certificates based on the neighboring rights of god's 'Gwanchal.' 'Gwanchal' is known as one of the representative tracks from god's first album, gaining attention for its unique concept music video and beat.

Along with this, Musicow also submitted a securities registration statement to issue 2,500 beneficiary certificates based on the neighboring rights of Thornapple's 'Hannat.' The album featuring 'Hannat' by the four-member indie band Thornapple reportedly sold out its initial production volume through pre-orders alone when it was released in 2016.

If there are no separate correction requests regarding the securities registration statements, the auction for 'Gwanchal' will be held from the 15th to the 21st of next month, and for 'Hannat' from the 20th to the 26th of next month. The starting auction prices are 32,000 KRW for 'Gwanchal' and 14,000 KRW for 'Hannat.' If the total issuance quantity is filled at the upper limit price (starting price +30%), the auction may close early.

Previously, on the 16th, Musicow submitted a securities registration statement for the song 'Hanyeoreum Bamui Kkul' by singers San E & Reina, and on the 30th of last month, for the song 'Neoui Beonhoreul Nureugo' by singer #Annyeong to the Financial Supervisory Service. Since submitting the securities registration statement at the end of last year, they have been steadily shortening the intervals between subsequent filings to activate auctions.

A Musicow representative said, "As our customers have waited a long time for the auction to resume, we feel a responsibility to provide more active new investment opportunities," adding, "All executives and employees will focus and do their best to ensure the smooth activation of the auction."

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