Global music moguls turn to Korea for next growth engine

Global music industry heavyweights are increasingly viewing South Korea as a gateway to the Asian entertainment market, with rapper and entrepreneur Jay-Z becoming the latest to establish a Korea-focused business. Following Ne-Yo's announcement in March that his Pacific Music Group would open a Korean branch to expand across Asia, Jay-Z's investment firm MarcyPen has partnered with Hanwha Asset Management to launch an investment company specializing in Korean entertainment and cultural businesse

By The Korea Herald