Dunamu Tackles Digital Market with Global Sheet Music Platform MPAGE

Dunamu has opened new horizons beyond the realms of blockchain and fintech. By acquiring MPAG, a global digital sheet music platform operator, it has formalized an ambitious strategy to strengthen its presence in the content market, especially music education, and secure global leadership in the digital sheet music market. This acquisition, completed in November last year through an equity stake, clearly demonstrates Dunamu's future vision to build an innovative content trading ecosystem by leveraging MPAG's unique technological capabilities and extensive global network. MPAG has operated beloved digital sheet music platforms both domestically and internationally, including 'My Music Sheet,' 'Pianist Only in Spirit,' and 'Kokoro to Musician,' establishing an open ecosystem where music creators, composers, and musicians can directly upload and sell their original sheet music. Thanks to this pioneering model, MPAG has achieved remarkable success, securing over 10,000 music creators and more than 4 million members worldwide. Notably, as of 2024, it recorded annual sales of 4.7 billion KRW and an operating profit of 600 million KRW. The fact that approximately 70% of total sales originate from overseas platforms clearly proves that MPAG is already a company with strong global competitiveness. Behind MPAG's success lay the vision and leadership of CEO Jung In-seo, who graduated from KAIST's Department of Physics and was recognized for his capabilities early on, having been selected for Forbes' '30 Under 30 Asia' in 2019. His innovative perspective led MPAG to become a leader in the digital sheet music market, and through its combination with Dunamu, it is now expected to generate a new wave of change across the entire music industry. Dunamu, which has led the fintech market with services like the Upbit cryptocurrency exchange and the stock information app Securities Plus, is boldly expanding its business into the digital content sector through the acquisition of MPAG. This is a crucial strategic move to secure future growth engines by strengthening its music education business and developing innovative content trading models based on blockchain technology. This acquisition, combining MPAG's proven global competitiveness with Dunamu's advanced technology and formidable capital, has the potential to transform the paradigm of the digital sheet music market and inject new vitality into the music education industry.