K Wave Media Ltd. plans to be engaged in the intellectual property (IP) content business. The Companyโs IP content business focuses on creating, investing in, managing, licensing, and monetizing IP content, such as television shows, movies, dramas and music. The Companyโs IP content business is the creation of original content or the acquisition of rights to existing content from creators, artists, or other sources, such as films and television shows. In the case of the merchandising company, it involves the merchandise sales of IP Content based on a popular musician, television shows and movies.