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

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.

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