NHN Bugs

NHN Bugs runs a Korean music streaming and download platform, letting consumers listen to or save songs via the web and mobile apps.

It serves both individual listeners directly and, through a business-to-business distribution arm, supplies music rights to other streaming services by investing in recordings and securing exclusive distribution rights for a set period. Listed on KOSDAQ, Korea's tech-focused stock exchange, the company earns the majority of its revenue from its business-to-business music distribution segment rather than from its consumer-facing streaming service.