KoreaTechDesk | Korean Startup and Technology News

Tue, August 05, 2025

Sign in

Virtual Demo Day
Menu
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • Press Release
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Artificial Intelligence Industry Cluster Agency
    • Daegu Technopark
    • GANGNAM-GU
    • Gyeonggido Business & Science Accelerator
    • Hwaseong Industry Promotion Agency
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Information Security Industry Association
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • Korea Fintech Week
    • K-Content Expo
    • NextRise
    • Try Everything
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • Gangnam-gu Global Roadshow
    • Global SaaS Marketplace Support Project
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Partner With Us
    • Press Release
    • Startup Scouting
    • Business Agencies
    • Global Mentorship Program
    • Investment Opportunities
    • K-Scouter Program
  • Lists
  • Virtual Demo Day
Home Entertainment

Hybe gets 10 billion won from Brand X Corporation for its Convertible Bonds

by KoreaTechDesk Writer
November 9, 2021
in Entertainment
0
0
SHARES
35
VIEWS
Share on FacebookShare on Twitter

Korean entertainment company Hybe that handles the K-Pop group BTS has got an investment of 10 billion won ($8.5 million) from Brand X Corporation, a media commerce company through Lakewood No. 2 Association, for its convertible bonds (CB).

The acquisition makes the fund’s stake at 97.1%. The conversion price is 385,500 won, and the conversion request period is from November 5, 2022, to October 5, 2026. On November 4, Hybe officially announced its entry into the non-fungible token (NFT) business and issued 400 billion won worth of convertible bonds (CB) to acquire 861,004 shares of Dunamu, the operator of Upbit, a cryptocurrency exchange worth 500 billion won.

A Brand X Corporation official said, “The M&A planned for this year was delayed, so a portion of this year’s budget was used for financial investment.” In addition, he added, “We are continuously discovering M&A cases for company growth and will bear fruit soon.”

Hybe and Dunamu formed a strategic partnership to enter the NFT business on November 4.  Dunamu will invest 700 billion won in Hybe through a capital increase through third-party allocation, and at the same time, Hybe will invest about 500 billion won in Dunamu in the same way. Hybe will acquire 2.48% of Dunamu’s stock through this equity investment. Hybe and Dunamu plan to establish a joint corporation to promote a new fandom-based business that combines artist IP and NFT.

Also Read, 

  • Hash Purple brings in ‘KDOL’, a social platform for K-Pop fans worldwide  
  • Gleam Media’s StarPlay app for K-Pop fans to follow their idols, share content & win rewards 
  • Check out these Korean startups connecting K-Pop with the rest of the world
  • FirmaChain calls for third party validators; BTS agency enters NFT Market; autonomous driving startup 42dot get record funds & more
Tags: Brand X CorporationConvertible BondsDunamuHYBEUpbit
Previous Post

FirmaChain calls for third party validators; BTS agency enters NFT Market; autonomous driving startup 42dot get record funds & more

Next Post

Google invests in Korean Edtech startup Mathpresso 

Next Post

Google invests in Korean Edtech startup Mathpresso 

Please login to join discussion

POPULAR POSTS

NEXVERS Secures Series A to Scale TopReels, Korea’s F...
South Korea is advancing its next wave…
by Zee Cindy . 30 Jul 2025

GPTKiller’s Muhayu: First in AI Hiring Tech to Achiev...
Another innovative Korean startup has made history. Muhayu, the company behind AI-powered plagiarism detection service CopyKiller and GPTKiller, is now…
by Chloe kim . 30 Jul 2025

Korean Startup Medipal Enters Vietnam’s $2.5B Digital...
Korean healthtech startup Medipal has entered into a strategic partnership with H+ Yangji Hospital to expand its patient care SaaS…
by Chloe kim . 30 Jul 2025

Strategic EdTech Startup Alliance: Sajagaonda and MEA E...
Korean EdTech startups Sajagaonda and MEA have joined forces in a strategic alliance to reshape student career planning and personalized…
by Zee Cindy . 30 Jul 2025

Mobidoo’s Sauce Powers South Korea’s Rise i...
As the global e-commerce landscape continues to shift toward video-first experiences, South Korean startup Mobidoo Co., Ltd., widely recognized by…
by Aditi Dave . 2 Aug 2025

Register for Event

MOST READ ARTICLE OF THE WEEK

1.
South Korea’s Ministry of SMEs and Startups Unveils $2.23 Billion Support Plan for Startups in 2025
3 Jan 2025
2.
South Korea Shines at CES 2025: Global Innovation Champion, Record-Breaking K-Startup Pavilion, Award-Winning Innovations
10 Jan 2025
3.
South Korea Opens Applications for the 10th K-Startup Grand Challenge 2025 – Korea’s Flagship Market-Entry Program Offering ₩950M (US$633K) in Government Support 
7 May 2025
4.
K-Startup Grand Challenge : Empowering Global Startups and Driving Innovation in South Korea
28 Apr 2025
5.
AI in South Korea: Startups Leading the Generative AI Revolution
1 Apr 2025

List Article

1.
6 Reasons Why Seoul Is Poised to Become a Top 5 Global Economic Hub by 2030
20 Aug 2024
2.
Top Co-working Spaces for Startups & Companies to Explore in South Korea
3 Apr 2024
3.
Top Accelerators in South Korea Shaping Startup Success
29 Nov 2023
4.
Top Korean Venture Capital Firms Backing Startup Success
26 Oct 2023
5.
Top Apps for Seamless Korean to English Translation
14 Aug 2023

Similar Articles

Entertainment

Baby Shark IP Holder Pinkfong Pursues M&A Amid IPO Uncertainty

More
Entertainment

Korean Content Industry Seeks Strategic Status from Government Amid Global IP and AI Challenges

More
Entertainment

Creator-Based Startups Are Scaling Fast: GLOW UP RIZZ Offers a Glimpse into Multi-Channel Business Model

More

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

Contact us : [email protected]

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy
  • twitter

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 Koreantech News & Media Korea Zrt. All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.