RAE Park & Resort · TEATRO RAE GLOBAL emblemRAE한국어
TEATRO RAE GLOBAL HOLDINGS · RPR KOREA

Performance becomes a destination,
and a place becomes a brand.

Connecting performance, hotels, retail and technology around RAE SHOW,
a global entertainment destination platform.

RPR KOREA · THE RAE OPERATING COMPANY

Carrying the RAE vision forward
RPRKorea.

RPRKorea is the Korean company behind the development of RAE Park & Resort and TEATRO RAE. It carries the vision first pursued at Midan City on Yeongjong Island, Incheon, into the current project, with Osiria in Busan under consideration as a new location.

HOLDING COMPANY · PLANNED

TRG Holdings

RBM Co., Ltd. plans to change its name to TRG Global Holdings Co., Ltd. and transition to a holding company structure. The holding company will guide group strategy and brand direction, and coordinate its affiliated businesses.

OPERATING COMPANY · RPR KOREA

RPRKorea

RPRKorea is intended to become an affiliate of TRG Holdings and the operating company for the RAE business. As the Osiria RAE Park project advances, it will lead RAE-related operations, including show production and the operation of TEATRO RAE.

CONTINUITY OF THE RAE VISION

From Midan City, Yeongjong, to Osiria, Busan.

RPRKorea originally pursued RAE Park & Resort at Midan City on Yeongjong Island, Incheon. Drawing on its experience in performance and spatial planning and its international production network, it is now considering Busan's Osiria Tourism Complex as the new project location.

The plan connects RAE SHOW development and production, theater and resort operations, related content and merchandising to expand the RAE brand experience.

Explore merchandise and character businesses ↗
A MESSAGE FROM THE CEO

Our global journey begins
shaping the future
of entertainment.

In 2026, RAE Park & Resort stands at a new starting line.

First envisioned in 2020 at Midan City on Yeongjong Island, Incheon, this project is now preparing to select its first location in Korea and build on that success to reach Japan, the Middle East and the wider world. We are currently pursuing Busan's Osiria Tourism Complex as a candidate for the first RAE Park & Resort. This first undertaking will go beyond regional development or theme park construction to begin setting new standards for the entertainment industry.

RAE Park & Resort brings performance, hotels, retail, food and beverage, themed spaces, technology, content, membership and global brands together on one platform. We envision a pioneering entertainment destination supported by multiple revenue streams. Through world-class production and spatial planning, we aim to demonstrate how entertainment can become a platform and how one experience can support diverse revenues and a sustainable business.

Over the next 10 years, our ambition is to establish 15 TEATRO RAE theaters in 12 countries, creating entertainment landmarks that combine our model with each city's culture. The first TEATRO RAE in Korea will begin this journey, opening a new chapter that extends to Japan, Oman and other Middle Eastern markets, and cities around the world.

Through this venture, we seek to offer a new direction for the Korean Wave. We aim to build a global franchise that brings together performances, places, brands, operations and business models. Our ambition is to help reshape the entertainment industry and develop a new model for growth.

RAE Park & Resort and TEATRO RAE will continue to evolve through collaboration with partners, creators, technology companies, investors and local communities. With larger dreams and new possibilities ahead, we are now beginning the next version of TEATRO RAE.

Edward J.H. Yang Edward J.H. Yang

Based on the CEO's message in the 2026 IR materials, updated to reflect the current consideration of Osiria, Busan.

DUAL-TRACK DEVELOPMENT

One performance brand,
two development models.

Our parallel development strategy combines full-coverage RPR resorts with a theater-only model centered on a theater and artist village.

RPR FULL-COVERAGE

Performance and a place to stay,
in one destination.

The full-coverage model combines TEATRO RAE with a resort hotel, theme park, retail and dining, an artist village and interactive experiences.

  • A destination connecting theater and hotel
  • Daytime attractions and RAE SHOW at night
  • Waterfront leisure, retail and dining
THEATER-ONLY

A theater and creative base,
bringing the show to audiences first.

A model centered on a permanent theater and artist village, supported by dining, merchandise and events. It can proceed independently to suit local conditions, with resort expansion considered later.

  • Performance, rehearsal and artist residences
  • Phased development suited to each location
  • Earlier market entry for the performance brand
OUR GLOBAL AMBITION

Beginning in Korea,
inspired by each city's stories.

We envision a global franchise that combines local cultural identity with RAE's performance, spatial and operating model.

12Target countries
15Target TEATRO RAE theaters
10Year expansion vision

Republic of Korea

The first proposed brand destination, with Osiria, Busan under consideration.

Japan & the Middle East

Exploring opportunities in Japan and the Middle East, including Oman.

Cities worldwide

Developing theaters and content with local partners to reflect each city's culture.

Country and theater counts are long-term targets in the IR materials. Locations and openings remain subject to project development.

ARCHITECTURE AS IDENTITY

TEATRO RAE,
Architecture shaped by art.

A pyramid-inspired theater form and an audience-focused stage. Performance guides both the architectural concept and the operation of the space.

Original design and architectural concepts. Final scale, seating and facility specifications will depend on the location and detailed design.

ARTIST VILLAGE · A CREATIVE ECOSYSTEM

A home for artists,
a place for daily creation.

Dedicated rehearsal studios, artist residences and a production hub for costumes, props and stagecraft. We envision a resort where the people who make the show can live and create.

Workshops, masterclasses and a creative academy will invite audiences and the next generation of artists into the world of RAE.

Meet the creative team ↗
THE RPR PLATFORM · 11 BUSINESS LAYERS

One visit,
many connected experiences.

Our operating concept links performance with accommodation, dining, shopping, education and digital content.

L1

Show tickets

Resident RAE SHOW and special performances

L2

Resort stays

Hotels and destination resort experiences

L3

Theme park

Theater-based rides and attractions

L4

F&B

RAE FOODWORLD and dining

L5

Retail

Character merchandise, branded goods and shopping

L6

MICE & events

Corporate events, private performances and galas

L7

IP licensing

International development of characters and brands

L8

Media & OTT

Performance films and streaming content

L9

Education & academy

Workshops, masterclasses and hands-on experiences

L10

VR·AR·MR

Interactive digital experiences

L11

Real estate

Resort development, operations and asset management

This overview presents the business model in the IR materials. Facility scope and operating plans remain subject to development.