K Wave Media Ltd. appointed Joongjae Lee as chairman and Richard Kim as co-chief executive officer alongside current CEO Ted Kim, effective immediately, as the company prepares to rebrand to NEXUS Advanced Technologies Inc. and pursues acquisitions in technology-focused industries. Lee is also CEO of Rabbit Walk Co., Ltd., a Korea-based AI content producer in which K Wave Media acquired a majority stake during 2026. Richard Kim brings around 30 years of experience in corporate finance and cross-border M&A, including semiconductor transactions and senior roles at KOSPI- and KOSDAQ-listed businesses. Under the new co-CEO structure, Richard Kim will oversee business operations, corporate strategy, and acquisition execution from Korea, while Ted Kim will focus on capital formation, investor relations, U.S. regulatory matters, and Nasdaq listing activities. The company is conducting due diligence on potential transactions in AI infrastructure, semiconductor components, and advanced manufacturing, and expects its shares to begin trading under the new ticker NASDAQ:NXAT on or around August 21, 2026, following shareholder approval of the name change and customary filings.
K Wave Media Ltd.Appoints new chairman and co-CEO, plans rebrand and acquisitions in tech sectors, signaling strategic growth.
