K Wave Media

K Wave Media Ltd. is a diversified entertainment entity operating at the intersection of Korean cultural content and cryptocurrency. Founded in June 2023, the company is headquartered in the Cayman Islands with significant operations in Korea. It was formed through a business combination between K Enter Holdings Inc. and Global Star Acquisition Inc., a special purpose acquisition company (SPAC), which culminated in its listing on the Nasdaq Global Market on May 14, 2025. This made K Wave Media the first Korean content media alliance to be listed on a major U.S. stock exchange.

The company's leadership includes Chairman Pyeung-Ho Choi and Ted Kim, who serves as Interim Co-CEO. Ted Kim is also the founder of Global Fund LLC and brings a background in private equity to the firm. The company is strategically led by Executive Chairman and Interim CEO Tan Chin Hwee.

K Wave Media's core business revolves around content and intellectual property (IP) creation, merchandising, and entertainment investment. It operates a vertically integrated model, controlling a portfolio of six Korean entertainment companies specializing in K-drama production, film studios, IP merchandising, and private equity in media. This structure allows K Wave to manage the entire content lifecycle, from development to distribution, and monetize its IP across various streams like streaming platforms, merchandise, and licensing. The company aims to jointly own the IP rights to content by financing a significant portion of the production costs, thereby strengthening its negotiating power with global over-the-top (OTT) platforms.

A defining feature of K Wave Media's financial strategy is its aggressive adoption of Bitcoin. The company has established a Bitcoin Strategic Reserve Plan to hedge against inflation and increase capital flexibility for content growth. It secured a $500 million equity purchase agreement to fund its Bitcoin acquisitions, with the goal of becoming a 'Metaplanet of Korea,' referencing a successful Japanese company with a similar Bitcoin treasury strategy. The firm plans to integrate Bitcoin and other digital currencies as payment options for its content, merchandise, and K-pop investments, positioning itself within the Web3 entertainment economy. This strategy is bolstered by a partnership with Galaxy Digital, a digital asset investment firm that serves as an Asset Manager and Strategic Advisor to accelerate KWM's Bitcoin treasury goals. Keywords: K Wave Media, Korean entertainment, K-content, K-drama production, intellectual property, de-SPAC, Nasdaq: KWM, Bitcoin treasury strategy, entertainment finance, content monetization, Web3 entertainment, media investment, Korean media, K-pop merchandising, creator empowerment, blockchain integration, crypto-native, digital assets, Global Star Acquisition, Galaxy Digital partnership