https://techcrunch.com/2023/01/11/kakao-entertainment-lands-966m-from-sovereign-wealth-funds-including-saudi-arabias-pif/

Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music, K-pop artists management, and other media (movie and TV series) businesses at home and abroad. 

With the latest funding, the company will further push ahead with its international expansion and make more investments and acquisitions.