Digital media and space solutions company Kinoton marked its 20th anniversary and on the 12th said it unveiled a future vision and plans to pursue a KOSDAQ listing within the year.
Kinoton began in 2006 with cinema video and audio system construction and has expanded its business into electronic scoreboards for sports stadiums, outdoor media in city centers, immersive displays, and media art.
Kinoton said it plans to strengthen the competitiveness of its current media and space solutions business while evolving into an "IP holder" corporations that discovers, develops, and owns content intellectual property (IP) directly and, based on that, handles content production and distribution.
Based on the IP accumulated so far, it will expand the content supply business and, after broadening into the "IP publisher" stage that oversees content sourcing and construction, marketing, and sales, it will evolve into an "IP holder" that develops and owns IP directly.
To that end, it will expand the media art content supply business and, after broadening into the "IP publisher" stage that oversees project-by-project content sourcing and construction, marketing, and sales, it will establish a structure to develop and own IP in-house.
According to Kinoton, it signed a domestic partnership with COSM, a U.S. immersive dome theater corporations, and is pushing ahead with projects such as the Cheongju Enford Hotel and the Haeundae media art business in Busan.
It also plans to launch an entertainment-type content business in collaboration with Daktronics, a media supplier to Major League Baseball stadiums in the United States, drawing on its experience building electronic scoreboards and operating advertising at professional baseball stadiums.
It plans to target overseas markets by leveraging K-content. Kinoton said it will expand into Southeast Asia and the Middle East, drawing on its experience building digital displays and theater systems in the United Kingdom, Japan, India, the United Arab Emirates (UAE), Thailand, and elsewhere.
Kinoton is proceeding with an initial public offering (IPO), aiming to list on KOSDAQ within this year. The goal is to raise funds to pursue its vision and enhance corporate value.