Muzika, which aims to use blockchain technology to revolutionize the music industry, has correctly identified its home court advantage: Korea is already a global powerhouse in the music and tech industries, which are positioned to continue expanding rapidly in the next few years. Amidst the dizzying list of projects emerging in Korea, one startup is notable for its enlistment of strong advisory support from industry leaders.
Muzika has attracted key advisors at the forefront of the Korean technology and music entertainment industries to its advisory board. On the tech side, Muzika has recruited former C-Suite level executives affiliated with top tech, manufacturing and investment companies in Korea. The company’s senior advisor Yoonwoo Lee is the former CEO of Samsung Electronics, a global smartphone company with a market share that just exceeded 20% in 2018. Minsik Cho (Business Development Advisor) and Joonkee Hong (Finance Advisor), are outside board directors at affiliated Kakao corporation companies.
The startup’s board of advisors also has a combined 30 years of experience in the music entertainment industry at two of the largest Korean music entertainment companies. Jinsoo Park (Music Management Advisor) is the former Chief Financial Officer at YG Entertainment’s Investment Division, and Myunsik Cho (Copyright Law Advisor) has represented artists from JYP Entertainment. The robust advisory network have been heavily involved in Muzika’s development. The combined talents of a diversified team experienced in both music and tech has made Muzika one company to keep a close eye on.