$28M Fund for K-Content: 'Parasite' Investor Solaire Partners Tapped by Korea's Top IPTV Giants

K Wave Media Subsidiary Solaire Partners Selected to Manage $28 Million IPTV Fund, Signaling New Era for K-Content Market - K Wave Media (NASDAQ:KWM)

NEW YORK and SEOUL, South Korea, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Solaire Partners, a subsidiary of K Wave Media (NASDAQ:KWM) and the venture capital firm known for investing in acclaimed films 'Parasite' and '12.12: The Day', has been selected as the general partner (GP) to manage a KRW 40 billion (~USD $28 million) fund jointly financed by Korea's three major IPTV operators—KT, SK Broadband, and LG Uplus. The fund formation represents a stra…

$28M Fund for K-Content: 'Parasite' Investor Solaire Partners Tapped by Korea's Top IPTV Giants

Solaire Partners, K Wave Media subsidiary and 'Parasite' investor, to manage $28M fund backed by Korea's leading IPTV operators. Plans to invest in 3-4 major films annually.