Shinhan Securities and Musicow 400hundred million won music IP fund MOU signed
Shinhan Securities 7 month 8 day, it signed an MOU with Musicow Invest for the acquisition of music intellectual property (IP) rights and the issuance of fractional investment products. Shinhan Securities will serve as the GP and establish a music IP fund worth approximately 400hundred million won, Fund No. 1and the acquired assets will be issued as fractional investment products and distributed on the over-the-counter exchange.
Shinhan Securities 7 month 8 day, it signed a strategic memorandum of understanding (MOU) with Musicow Invest for the acquisition of music intellectual property (IP) rights and the issuance of fractional investment products. The purpose of the MOU is to prepare for expanding supply in the issuance market and facilitating distribution ahead of the institutionalization of security token offerings (STOs) and the launch of an over-the-counter exchange for fractional investments.
Shinhan Securities said it would establish a music IP fund worth approximately 400hundred million won, Fund No. 1as the project fund manager (GP). Musicow Invest selects the assets to be acquired based on its proprietary music valuation and ability to source high-quality IP.
The two companies said they would jointly pursue a large-scale music IP acquisition project. The acquired music IP will be issued as fractional investment products through Musicow Invest and distributed on the over-the-counter exchange for fractional investments.
Shinhan Securities and Musicow Invest presented a plan to complete the purchase of music intellectual property during the second half of the year and 2026year 4to open the exchange in the quarter. They explained that issuance and distribution would proceed in line with progress toward institutionalizing the STO system.
On the same day, Shinhan Securities said in a report that it had raised its target prices for Hyundai Department Store and Shinsegae, expecting strong department-store purchasing power to continue throughout the year due to a sharp increase in foreign sales.
The MOU signing and the report release were disclosed and announced in press releases on the same day. Shinhan Securities said it would simultaneously pursue the related business (fund management) and research activities.