Core Insights - The venture capital firm Solaire Partners will manage a KRW 40 billion (~USD $28 million) fund backed by Korea's three leading IPTV operators to finance 3-4 major films annually [2][4] - The fund aims to revitalize the IPTV VOD market, which has been challenged by the growth of OTT platforms, and to create a sustainable ecosystem for Korea's video content industry [3][4] Fund Highlights - The 'Solaire IPTV Video Investment Fund' focuses on securing high-quality content optimized for IPTV platforms and accelerating the delivery of new releases to viewers [4] - The IPTV market has seen a significant revenue decline in paid VOD, particularly in films, dropping from the second most popular viewing method in 2018 to fourth place in 2023 [4] Investment Strategy - Solaire Partners plans to leverage over 13 years of film industry data for quantitative analysis and insights from a team with over 100 years of collective experience [5] - The firm has a portfolio that includes successful films such as 'Parasite' and '12.12: The Day' [5][10] Strategic Vision - The fund management appointment enhances K Wave Media's value chain in content production, investment, and marketing following its acquisition of AI-powered digital content company Rabbit Walk [6] - The initiative aims to create a virtuous cycle where platforms and content producers thrive together, enhancing viewer satisfaction [7] Company Overview - K Wave Media (KWM) is focused on creating, distributing, and monetizing high-quality content across multiple platforms and has been pursuing strategic growth initiatives since going public in 2025 [8][9] - Solaire Partners is recognized for its data-driven investment approach and has established itself as a trusted partner in Korea's entertainment industry [10]