Seoul, South Korea – Dunamu, a leading blockchain and fintech company in South Korea, announced on February 17th that it has acquired MPAG, a global digital music score platform operator, as a subsidiary.

Dunamu had acquired MPAG in November of last year through a share acquisition. The company aims to build a content transaction ecosystem based on MPAG's technology and global network, lead the digital music score market, and strengthen its music education business.

MPAG operates global digital music score platforms such as "MyMusicSheet (Global)", "Maeummaneun Pianist (Korea)", and "Kokoro wa Musician (Japan)". The platform's unique feature is that music creators, composers, and musicians can directly upload and sell sheet music of various genres, including the latest songs, OSTs, and self-composed songs.

Currently, MPAG has over 10,000 music creators and over 4 million members worldwide. As of last year, it recorded annual sales of 4.7 billion won and operating profit of 600 million won. In particular, it has proven its global competitiveness as a startup with overseas platform sales accounting for about 70%.

MPAG founder and CEO Jung In-seo is a graduate of KAIST's Department of Physics and was named to the 2019 Forbes "30 Under 30 Asia" list.

Dunamu explained, "This acquisition is a strategic move to expand the boundaries of the content area as a transaction platform specialist and strengthen global leadership in the digital music score and education market."

Meanwhile, Dunamu provides Upbit, Securities Plus, and Securities Plus Unlisted services. Its subsidiaries include luxury watch platform Viver and blockchain specialist Lambda256.