The 'global K-pop platform' MAKESTAR is offering gifts to K-pop fans in China.
According to MAKESTAR on the 18th, MAKESTAR Space has recently opened a store in Shanghai, China. At MAKESTAR Space, global fans can find albums and goods from K-pop artists who are gaining immense popularity, as well as participate in special events that will provide local fans with diverse and enriching experiences.
In particular, MAKESTAR has drawn attention for being the first in Korea to obtain a publication management license in China. To conduct business activities related to the import and sale (wholesale, retail, online publication) of publications (including books, magazines, periodicals, and electronic publications such as music albums) in China, it is necessary to obtain a publication management license, which is issued only after a strict review by the Chinese publishing administration authorities.
MAKESTAR has established a local corporation, MAKESTAR China, and has made significant efforts to obtain the publication management license. As a result, it has become the first Korean company to acquire the publication management license, allowing the opening of the MAKESTAR Space store in Shanghai.
Meanwhile, MAKESTAR, established in 2015, is celebrating its 10th anniversary this year as a global K-pop platform. It has established itself as a leading entertainment tech company in K-culture innovation, with users visiting from over 230 countries and generating sales in more than 180 countries. It has recorded over 100% growth annually, achieving sales of 95.6 billion won last year, and is recognized as a representative K-pop business, especially as more than 70% of its total sales come from overseas.
Additionally, MAKESTAR recently attracted a total of 30 billion won in Series D investment from prominent domestic and international investors, bringing its cumulative investment amount to 55.6 billion won, generating significant attention. This investment saw continued participation from Altos Ventures, KDB Industrial Bank, and Next G Investment, with new investors including American investment firms HRZ, RPS, and Company K.
