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K Wave Media to Acquire Controlling Stake in KOSDAQ-Listed AI and ICT Company Hansol Inticube
Globenewswireยท 2025-12-22 12:30
Core Viewpoint - K Wave Media Ltd. has announced a strategic acquisition of 42.25% of Hansol Inticube, aiming to integrate AI, ICT, and global entertainment IP to enhance fan engagement and transform into an EnterTech company [1][2][7] Group 1: Acquisition Details - The acquisition involves K Wave Media's wholly owned subsidiary, Play Company Co., Ltd., and is expected to close in the first quarter of 2026, pending customary closing conditions [1] - Hansol Inticube is a KOSDAQ-listed company specializing in AI language and software development, with a strong foundation in B2B ICT infrastructure [3] Group 2: Strategic Implications - This acquisition is positioned to combine K Wave Media's expertise in global entertainment with Hansol Inticube's advanced AI and ICT solutions, aiming to create personalized, data-driven experiences for K-culture fans [2][6] - The integration is expected to drive innovation in customer experience, fan engagement, and IP monetization within the content and entertainment industry [3] Group 3: Financial Expectations - For the first nine months of 2025, Hansol Inticube reported revenues of KRW 51 billion (approximately USD $35 million), which K Wave Media anticipates will significantly contribute to its financial performance [4] - K Wave Media aims to double its revenue in 2026 following the completion of the acquisition [4] Group 4: Future Business Development - Post-acquisition, K Wave Media plans to develop new AI service models and interactive communication platforms, enhancing its global competitiveness in the K-culture ecosystem [5][7] - The company expects to expand into AI solutions, fandom-based community platforms, and data-driven content distribution, marking a full transition into an EnterTech company [7]