Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
OGQ Corp., a Korean content platform, is reportedly buying Getty Images’ local unit. The acquisition is part of its move to expand its contents and improve the firm’s financial structure.
OGQ is a startup company but slowly making its way to the top already. And with its takeover of the Korean unit of Getty Images, one of the most well-known stock content firms in the world, it is clearly expanding fast.
According to The Korea Economic Daily, OGQ is currently in talks with Getty Images and negotiating the details and conditions of the deal. Sources reportedly shared that while the talks are ongoing, the content firm is said to be raising ₩50 billion or around $42.6 million for the acquisition too. It was added that OGQ’s plan is to be a major shareholder in Getty Images Korea.
"OGQ, however, is not making money yet, which is natural for a startup in a growth period,” an insider said. “The acquisition is likely to help, given Getty Image’s strong cash flow.”
Once the deal is completed, OGQ is expected to use Getty Images Korea’s vast content assets and in the process would help improve its financial structure. KED further reported that the Korean division of the British-American visual media company that supplies stock images, videos, and more for businesses, has been maintaining a yearly operating profit of more or less ₩1 billion. In 2020, it reported a ₩1.7 billion in operating profit with ₩13.6 billion in revenue.
Meanwhile, OGQ was founded in 2011, and AfreecaTV Co. has become one of its major investors after injecting ₩5 billion in 2019. After this huge investment, OGQ acquired the digital asset content technology company, Listen Soft. This was the firm’s first acquisition following AfreecaTV’s investment.
At that time, OGQ C&C’s general manager, Yoon Kyung Lee, said that they will continue to invest and acquire companies to broaden their asset contents and now, it is in talks to acquire Getty Images Korea. This shows that the company continues to do well and getting bigger as years pass.
