CJ ENM’s 25.3 bln Won K-pop Investment Fund to Launch

SEOUL, Jan. 20 (Korea Bizwire) — CJ ENM, the operator of K-pop-oriented cable channel Mnet, said Monday it will launch a 25.3 billion-won (US$21.8 million) investment fund dedicated to the K-pop industry. The establishment of the fund, KC Vivace Investment Association, is in line with the entertainment giant’s pledge three weeks earlier to set up [...]