Brave group Inc. (Headquarters: Minato-ku, Tokyo; CEO: Keito Noguchi) is pleased to announce that it has entered into a capital and business alliance with Kakao Corp. (“Kakao”), a leading South Korean IT company, through its investment-specialized subsidiary, Kakao Investment (Headquarters: Seongnam-si, Gyeonggi-do, South Korea; Principal: Do Young Kim).
Purpose and Background
Brave group operates under the purpose of “Japanese Adventure, World Wide Romance” and the mission of “Strike wonder in 8 billion hearts”.
We are developing multiple businesses domestically and internationally in the IP Production field, which includes VTuber businesses, as well as in the closely related IP Platform and IP Solution fields.
Kakao operates numerous entertainment platforms, including “KakaoTalk,” South Korea’s largest communication platform, “Kakao Page” (Webtoon), and “Melon” (music streaming). Through this alliance, Brave group’s business development capabilities and operational expertise in the IP peripheral domain, combined with Kakao’s rich business knowledge and network in the South Korean market, will be leveraged to accelerate global expansion, primarily focusing on both companies’ platform businesses.
Representative Comments
Hyochan Choi (Mike), Principal, Kakao Investment
South Korea and Japan are both increasing their global presence in the entertainment and content fields more than ever. We see great potential in Brave group’s unique position in the next-generation content domain of virtual IP, its integrated business operation capabilities of “creating, nurturing, and delivering” IP, and its global expansion capability. At a time when the development of new IP and its media mix are showing diverse expansion, we believe that by combining Kakao’s entertainment-related assets and content ecosystem with Brave group’s IP development and operation capabilities through this alliance, the creation of new value and market expansion will be accelerated. Please watch the journey of Kakao and Brave group as we lead the future of entertainment, centering on Japan and South Korea.
Keito Noguchi, CEO, Brave group Inc.
We are deeply honored to have formed a partnership with Kakao, which is driving South Korean entertainment and digital communication.
Through this alliance, we will combine the strengths and resources of both companies to create next-generation entertainment in Japan and South Korea.
Please look forward to our future developments.
