Outline

Company Introduction

Company introduction


ABA Research Lab PTE aims to correct problems in the cultural contents industry through its ongoing AXL project based on blockchain technology, which is widely seen as a new technology in the future, and to establish a new ecosystem based on blockchain that can be applied to the new paradigm by establishing a wallet platform, banking and pay system, and developing a preventive medical platform of FMC Group, its parent company, and medical services and business processes.

Problems of current entertainment market

Problems of current entertainment market



Global sports industry market is expanding in collaboration with tourism, fashion, electronic, IT and with increasing interest and expenditure in culture leisure, the sports industry is categorized as high-growth industry with 11.4% of CAGR. Sports tourism market scale amounts at about $600 billion annually, accounting for 14% of global tourism market.


Usage of illegal expedient ticketing programs

A small number of individuals or enterprises preoccupy 30~50% of popular concert tickets.
They sell tickets illegallyexpediently at 5~10 times margin.

Damage reduction by price normalization

Consumers wanting to enjoy concerts at normal price are directly damaged by illegal expedient ticket reselling.

Consumers are responsible for the damage

Purchasing illegal tickets is prone to fraud of illegal transfer, And consumers take all the loss and responsibility

Necessity to exterminate reselling tickets

Artists also do not want their fans to watch their performance by buying tickets at unreasonable price.
And due to illegal expedient ticketing, all tickets are sold but seats remain empty.

Continuous growth of live performance market

Continuous growth of live performance marke.


Music consumption culture is shifting from ‘audio music’ to ‘visual music’ (success of idol artists) and as the desire to purchase tangible albums is decreasing, the trend is shifting to performance watching. Famous pop-starts are increasingly visiting Korea to give performance, and globalization of K-POP has dramatically increased global tour, performance planning of Korean artists. As album is more used in promotions and more revenue is made from performances, the damage from illegalexpedien reselling is a continuous problem. With global live performance market showing CAGR of 2.7% with about $28 billion scale in 2015, performance industry that provides ‘visual music’ is making itself a major source of income in music industry compared to stagnated album, music market.

Global sports industry market is expanding, in collaboration with tourism, fashion, electronic, IT

Global sports industry market is expanding, in collaboration with tourism, fashion, electronic, IT.



Global sports industry market is expanding in collaboration with tourism, fashion, electronic, IT and with increasing interest and expenditure in culture leisure, the sports industry is categorized as high-growth industry with 11.4% of CAGR. Sports tourism market scale amounts /at/ about $600 billion annually, accounting for 14% of global tourism market.