K Wave Media Ltd. (NASDAQ:KWM) announced an overhaul of its senior leadership on Monday, naming Joongjae Lee as chairman and Richard Kim as co-chief executive officer alongside current CEO Ted Kim, with the appointments taking effect immediately.

K Wave Media (NASDAQ:KWM) signed an exclusive letter of intent to acquire a controlling stake in a South Korean semiconductor materials company, marking the first proposed acquisition under its long-term AI transformation strategy. Key Investor TakeawaysK Wave Media (NASDAQ:KWM) entered into an exclusive LOI to acquire a majority interest in a privately held South Korean semiconductor materials company.

(Bloomberg) -- The implosion of the once-hot market for cryptocurrency treasury stocks is prompting a number of firms to pivot to artificial intelligence in an attempt to win back investors. So far, it isn’t working. Most Read from BloombergDeepSeek Suspends Fundraising After Viral US-China PostsUS, Iran Extend Pause in Strikes as Oman Holds Hormuz TalksSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPOStocks and Bonds Rall

K Wave Media (NASDAQ: KWM), a Korean entertainment company known for K-drama and K-pop content licensing, sold all of its Bitcoin (BTC) holdings on May 6. According to a Form F-3 on June 30, the sale was made for aggregate proceeds of $64.2 million, which registers up to $250 million in ...