Jay-Z’s MarcyPen Capital eyes $500m Korean culture investment fund in partnership with Hanwha Asset Management

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Jay-Z’s MarcyPen Capital Partners has signed a memorandum of understanding with South Korea’s Hanwha Asset Management to launch a $500 million “K-culture” investment fund. Via the fund, the companies plan to “accelerate the global expansion of K-culture and lifestyle industries.” The news arrives amid the global surge in Korean culture and entertainment, popularized by superstar K-pop … Continued

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source https://www.musicbusinessworldwide.com/jay-zs-marcypen-capital-eyes-500m-k-culture-investment-fund-in-partnership-with-hanwha-asset-management/

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