Bucket Studio Strengthens Responsible Management... "Boosting New Businesses like Metaverse and NFT"

[Asia Economy Reporter Hyungsoo Park] Kang Ji-yeon, CEO of Bucket Studio, has strengthened the responsible management system while expanding new businesses such as the metaverse and non-fungible tokens (NFTs).

Bucket Studio announced on the 20th that Initial Investment Association, its largest shareholder, exercised a call option on convertible bonds (CB) to secure additional shares.

On the 15th, Initial Investment Association paid 24 billion KRW for a paid-in capital increase in Bucket Studio and acquired 3.9 million shares. Including related parties, Initial Investment Association secured a 39.29% stake in Bucket Studio, enabling a more stable maintenance of the existing management system.

In terms of corporate governance, Initial Investment Association is the largest shareholder of Bucket Studio. The structure is connected from CEO Kang Ji-yeon at the top, through Initial Investment Association → Bucket Studio → Inbiogen → Vident.

Bucket Studio explained, "Through exercising the CB conversion rights and paid-in capital increase, we not only facilitated a large inflow of funds but also solidified the responsible management system." They added, "As we pursue new businesses such as Bithumb Live, OTT investment production, metaverse, and NFTs, this reflects CEO Kang Ji-yeon's determination to achieve a responsible management system and stabilize corporate governance."

Bucket Studio is actively promoting new businesses related to the metaverse and NFTs, including launching 'Bithumb Live,' which combines metaverse, NFTs, blockchain, and live commerce, by investing a total of 12 billion KRW with the virtual asset exchange Bithumb.

CEO Kang Ji-yeon stated, "Based on the responsible management system, we will focus on promoting the Bithumb Live business scheduled to launch next year," and added, "We will advance as a leading company in the Fourth Industrial Revolution."