Fantagio Signs MOU with City of Granada, Spain... Accelerates Entry into European Content Market

(The fourth from the left) Shin Youngjin, CEO of Fantagio, and Mari Fran Carraso Viyaronga, Mayor of Granada, along with officials, are taking a commemorative photo. Photo by Fantagio

Fantagio, a comprehensive entertainment company, announced on July 9 that it has signed a strategic business agreement with the city of Granada, Spain, to accelerate its expansion into the European market.

Fantagio entered into a memorandum of understanding (MOU) with Granada Global (Agencia Granada Global), an international cooperation agency under the city of Granada, for collaboration in video production, entertainment, culture, tourism, and investment. The signing ceremony was attended by MariFran Carrasco Villalonga, Mayor of Granada, as well as city officials.

This agreement aims to strengthen global competitiveness in the content business and expand the foundation for cooperation in Europe. Both parties plan to launch joint projects and identify new business opportunities in the fields of video production, entertainment, culture, innovation, tourism, and investment.

Granada Global is a specialized international cooperation organization jointly established by the Granada City Hall, Provincial Council, Chamber of Commerce, and the University of Granada. It is responsible for attracting foreign investment, building global partnerships, and supporting local companies' overseas expansion, thereby enhancing the international competitiveness of the Granada region and promoting global exchange.

With this agreement, Fantagio plans to accelerate its entry into the European market. The company’s strategy is to leverage its expertise in video production and entertainment to expand into the culture and tourism sectors, thereby securing new engines for growth.

Nam Gung-Kyun, Chairman of Fantagio, said, "This business agreement will serve as an opportunity to expand new business opportunities in the European market based on Fantagio's content production capabilities," adding, "We will continue to work with major overseas institutions and further strengthen our global business competitiveness based on K-content to ensure stable growth."

Fantagio plans to use its partnership with the city of Granada as a springboard to accelerate its expansion into the European market, broadening its business beyond content production into the culture and tourism sectors.

This content was produced with the assistance of AI translation services.