[Korea financial newspaper ohahreum News] Naver has invested a total 100 billion won to YG Entertainment, who leads the world's K-POP trend to nurture the domestic creators, content capacity to expand synergies with global platforms such as V Live It announced.
Naver is expanding investment in a variety of entertainment content, including such sources for global expansion that appeared in the 50 billion won, including direct investment, 50 billion won, the YG YG Investment Fund for YG.
YG is currently the world's leading K-POP trend, and further expand the area in a variety of digital music, video content creation in management.
In addition, the Investment Fund YG also joseonghae proceeds to invest in the domestic entertainment ecosystem and plans to continue to produce a variety of content.
Naver is YG, develop entertainment content sources, including through investments in investment funds, YG, and it introduced to Korean fans around the world as a global platform, such as V-Live, and plans to strengthen its competitiveness.
Naver is V-Live, a service such as Real Madrid were grown into a global platform expansion of domestic content, especially V-Live broadcasting of the stars move from personal showcase, introducing more colorful content, such as K- Beauty, web drama Hallyu fans around the world, and It becomes the center of Hallyu content platform.
Naver V & Enterprise Park Sun-young leader CELL "We expect the V-Live services, such as Naver, which developed into a global platform and professional YG Entertainment's content exert a synergistic effect in the global market," he said.
Following said, "Naver will launch a greater variety of entertainment-related companies and strengthen partnerships, more colorful new content and services to start investing for this YG".
Meanwhile, Naver is planning to invest a total of more than 500 billion won to 900 billion won, the domestic content, audio content and technology over the next five years, including 30 billion won over the original content on the Web.
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