New joint fund to target global scaling of Korean beauty, food, entertainment companies

Jay-Z’s investment firm has entered a partnership with Korea’s Hanwha Asset Management to tap surging global demand for Korean culture through a planned $500 million joint venture fund.

Hanwha Asset Management said Tuesday it had signed a memorandum of understanding with MarcyPen Capital Partners, a US private equity firm backed by the rapper, to support the global expansion of high-potent

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