Adata and Jay Chou raking in big money? GD’s talent agency secretly meets with Dubai’s royal family to discuss an IPO, AI, and robots

Korean entertainment technology company Galaxy Corporation has officially moved into the Middle East market in recent days, setting up a local entity called “Galaxy ME” in Dubai, becoming the first Korean entertainment company to enter Dubai. CEO Cho Seong-hae recently also met with a member of the UAE royal family, Ahmed bin Mohammed bin Rashid Al Maktoum, with the goal of deeply integrating AI, robots, and the content industry.

Galaxy Corporation has risen rapidly in recent years. After being founded in 2019, it has centered its operations on AI, the metaverse, and IP, while also expanding into content production and commercialization. Its roster of artists includes major figures such as G-Dragon, Kim Jong-kook, the host of 《Running Man》, and Song Kang-ho, the actor from 《Parasite》. In the fourth quarter of last year, Galaxy Corporation’s revenue reached about 300 billion won, and it has already selected a securities underwriter, preparing to list via an IPO. Meanwhile, Taiwan’s memory-chip maker 威剛 and Jay Chou-related stock Giant Legend are also shareholders.

Galaxy representatives meet with members of the UAE royal family

According to reports from Korean media, besides establishing itself in Dubai, Galaxy’s leadership has also recently held a meeting with a member of the UAE royal family, Ahmed bin Mohammed bin Rashid Al Maktoum, to discuss cooperation on media content and cutting-edge technology. The company emphasized that it will rely on the stability of UAE policies and its long-term development vision to build an entertainment technology ecosystem in Dubai that combines AI, robots, and cultural content, and further promote Dubai to become a global hub for creative and content industries.

Galaxy said that entering the Middle East this time is not only about expanding its market, but also an important milestone in its global strategy. Through Dubai—an international hub—the company will tap into Middle East and the “Global South” markets, export technology-driven entertainment content, and explore integrated applications of AI and real-world entertainment scenarios, including smart performances, immersive content, and automated production workflows.

In fact, Galaxy’s ability to quickly break into the core circle in the Middle East is not accidental. One of the key driving forces is believed to be the political and business network that company representative 崔永浩 has built up over the long term. As early as October 2023, 崔永浩 accompanied former President 尹錫悅 on a trip to the Middle East, becoming one of the members of South Korea’s economic envoy delegation. At that time, the delegation brought together major conglomerate leaders including Samsung’s李在鎔 and Hyundai’s 鄭義宣, and 崔永浩, at more than 30 years old, became the youngest business representative in the group, drawing significant attention.

GD’s agency company Galaxy is about to go public via an IPO

It is worth noting that behind this “Dubai royal family + AI entertainment” plan, participation from Asian capital has also emerged. Megastar Legend, founded by Jay Chou’s mother 葉惠美, manager 楊峻榮, and their team, indirectly holds about 7% equity in Galaxy through industry funds, while Taiwan’s memory manufacturer 威剛 has also invested $40 million to take part in the investment. As the capital structure gradually becomes clearer, Galaxy’s IPO may enable these early investors to realize considerable gains.

Galaxy Corporation has risen rapidly in recent years. After being founded in 2019, it has centered its operations on AI, the metaverse, and IP, and has also expanded into content production and commercialization. The company’s roster of artists includes major figures such as G-Dragon, Kim Jong-kook, the host of 《Running Man》, and Song Kang-ho, the actor from 《Parasite》, further amplifying its content and traffic advantages.

In terms of the capital market, the company is also advancing its listing plan in parallel. It has selected a securities firm as the lead underwriter for its IPO, though it has not announced the specific listing location and timeline. However, as revenue performance improves and it turns profitable, market expectations for the company to enter the international capital market continue to heat up. According to disclosures, Galaxy Corporation’s revenue in the fourth quarter of last year reached about 300 billion won and successfully returned to profitability, also attracting attention from capital market players, including top executives at the New York Stock Exchange.

This article “Will 威剛 and Jay Chou make a fortune? GD’s agency company privately meets Dubai’s royal family to discuss IPO, AI, and robots” first appeared in 鏈新聞 ABMedia.