The Black Label Inc., the studio behind the soundtrack for Netflix’s KPop Demon
Hunters, raised about 120 billion won ($80 million) in a Series B funding round
led by Krafton Inc. and Tencent Music Entertainment Group. The deal valued the
company at 1 trillion won, with existing investors including Saehan Ventures
also participating. The fundraising comes as South Korean entertainment and
content companies seek capital to support global expansion.
