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'$30 billion fraud' One Hundred CEO Cha Gawon is arrested and sent to prosecutors on suspicion of stealing $24.2 billion

'$30 billion fraud' One Hundred CEO Cha Gawon is arrested and sent to prosecutors on suspicion of stealing $24.2 billion

By posing as an IP business for entertainment artists, he allegedly pocketed a $24.2 billion advance payment, with signs of “round-robin” repayment of existing debts
The peak of a $30 billion-claimed fraud scandal that has sent shockwaves through the entertainment industry is now facing judgment in court. The CEO of the famous entertainment agency 'One Hundred Label,' 'Cha Gawon,' has been arrested and sent to the Seoul Central District Prosecutors' Office on...
| James choi
Disney Invests 1.5 Trillion in OpenAI... Creating AI Content with Mickey Mouse and Marvel

Disney Invests 1.5 Trillion in OpenAI... Creating AI Content with Mickey Mouse and Marvel

'Sora' and 'ChatGPT' Sign 3-Year License Agreement... Disney CEO Bob Iger Says "If Change is Inevitable, We Must Ride It"
Walt Disney is entering into a historic partnership with OpenAI, making a large-scale investment of 1. 5 trillion won. The two companies announced on the 11th a 3-year license agreement that allows the use of Disney's over 200 characters for AI content creation.
| 김지민
'Itaewon Class' to Get Thai Adaptation, With Chairman Jang's Gender Changed From Male to Female

'Itaewon Class' to Get Thai Adaptation, With Chairman Jang's Gender Changed From Male to Female

GMMTV also announces adaptation of Korean webtoon 'The Tale of Seol Gongchan'; Asian Star Award winner Film Rachanun cast in lead role
Korean webtoon IP expands globally in partnership with Thailand's largest entertainment company Two of Korea's best-known webtoons, 'Itaewon Class' and 'The Tale of Seol Gongchan', are set to be adapted into dramas in Thailand.
| James choi
WEBTOON’s “Maru Is a Puppy” Pop-Up Lands in Changsin-dong, Unveiling 30 New Exclusive Items

WEBTOON’s “Maru Is a Puppy” Pop-Up Lands in Changsin-dong, Unveiling 30 New Exclusive Items

Pop-up shop to run on Changsin-dong’s Stationery and Toy Street from October 30 through November 29 A range of merchandise tied to local businesses, including 66 DIY iron-on transfer designs
A fresh approach to supporting local businesses, with a variety of merchandise to win over fans WEBTOON will run a pop-up shop for the hit webcomic “Maru Is a Puppy” from October 30 through November 29 in the area around Changsin-dong’s Stationery and Toy Street in Seoul’s Jongno District.
| James choi
Busan Global Webtoon Festival Marks 10th Anniversary, Showcasing the Creative Worlds of 190 Artists

Busan Global Webtoon Festival Marks 10th Anniversary, Showcasing the Creative Worlds of 190 Artists

More than 800 works on display over three days starting on the 30th; global business program and “Webtoon Counseling Center” to be offered
Webtoons, now a key pillar of Korean content, open a forum for global industry exchange Busan Metropolitan City, together with the Busan IT Industry Promotion Agency and the Busan-Gyeongnam Cartoonists Association, will host the 10th Busan Global Webtoon Festival for three days starting on the 30th...
| James choi
Anthropic Sued for $54 Million Over Alleged Copyright Infringement Involving Elvis Presley

Anthropic Sued for $54 Million Over Alleged Copyright Infringement Involving Elvis Presley

Lawsuit alleges unauthorized training on 274 songs; seeks up to $200,000 in damages per song
Artificial intelligence startup Anthropic is facing a major copyright infringement lawsuit over allegations that it used songs by legendary pop star Elvis Presley (1935–1977) to train its AI without permission. The unprecedented scale of the alleged infringement is expected to send ripples through...
| James choi
Busan International Film Festival introduces ACFM Awards for first time; Indonesia’s “Goldfish” takes three honors

Busan International Film Festival introduces ACFM Awards for first time; Indonesia’s “Goldfish” takes three honors

Asia Contents & Film Market wraps on Oct. 13, spotlighting business results ahead of the festival’s closing ceremony on Oct. 15
New milestone for Asia’s film industry as ACFM gets off to a successful start The Busan International Film Festival , now in its 29th year, concluded its core film-industry platform, the Asia Contents&Film Market , on Oct. 13. According to the Busan International Film Festival secretariat on Oct.
| James choi
Princess Ubolratana visits Busan as first Country of Focus guest at BIFF, with three films including 'Burning Giants'

Princess Ubolratana visits Busan as first Country of Focus guest at BIFF, with three films including 'Burning Giants'

The 31st Busan International Film Festival selects Thailand as ACFM Country of Focus, with the 21st market running at BEXCO from Oct. 10-13
Thailand puts 'soft power' forward as a new force in Asia's content market Princess 'Ubolratana Rajakanya' of Thailand's royal family visited Busan, where the 31st 'Busan International Film Festival ' is underway, highlighting the country's cultural influence and the powerful potential of its film...
| James choi
J-pop Agency Benchmarks K-pop as It Hires Former HYBE Producer Kim Min-jung

J-pop Agency Benchmarks K-pop as It Hires Former HYBE Producer Kim Min-jung

Avex’s formula for turning a 4 billion yen profit points to its next step after XG: taking the global market with VIBY, a boy group whose members are 15 to 19 years old.
J-pop’s dramatic comeback through K-pop benchmarking and a fundamental overhaul Avex, one of Japan’s leading entertainment agencies, has successfully overhauled its business by aggressively benchmarking South Korea’s “K-pop” system.
| James choi
Kakao Entertainment teams up with Atlantic, aims to write a second “APT.” success story

Kakao Entertainment teams up with Atlantic, aims to write a second “APT.” success story

The company signs a strategic partnership with Warner Music’s label on the 7th, stepping up its push to win over global fans.
A global pop powerhouse joins forces with K-pop expertise Kakao Entertainment is partnering with Atlantic Music Group , a Warner Music Group subsidiary in the United States, to accelerate K-pop artists’ expansion into global markets.
| James choi