# EDGAR Filing Document

**Accession Number:** 0002086830
**File Stem:** 0001829126-26-000596
**Filing Date:** 2026-1
**Character Count:** 19014
**Document Hash:** 0f9f552617dcb50e669a7920b9541e54
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-26-000596.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001829126-26-000596

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** K Wave Media Ltd.
- **CENTRAL INDEX KEY:** 0002000756
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95268
- **FILM NUMBER:** 26565432

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 121 SOUTH CHURCH STREET
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **BUSINESS PHONE:** 904 665 3610

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 121 SOUTH CHURCH STREET
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kim Ted
- **CENTRAL INDEX KEY:** 0002086830

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**MAIL ADDRESS:**
- **STREET 1:** 1641 INTERNATIONAL DRIVE, UNIT 208
- **CITY:** MCLEAN
- **STATE:** VA
- **ZIP:** 22102

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**K Wave Media Ltd.**

*(Name of Issuer)*

**Ordinary Shares, par value $0.0001 per share**

*(Title of Class of Securities)*

**G53151109**

*(CUSIP Number)*

**Andrew M. Tucker**<br>Duane Morris LLP, 901 New York Avenue<br>N.W., Suite 700 East<br>Washington DC 20001-4795<br>(202) 776-5248

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/17/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **G53151109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Hyung Seok Cho** | Name of reporting person<br>**Hyung Seok Cho** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**M5** | Citizenship or place of organization<br>**M5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**46280.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**46280.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**46280.00** | Aggregate amount beneficially owned by each reporting person<br>**46280.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.07%** | Percent of class represented by amount in Row (11)<br>**0.07%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **G53151109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ted Kim** | Name of reporting person<br>**Ted Kim** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2626156.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**738547.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2626156.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**738547.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3364703.00** | Aggregate amount beneficially owned by each reporting person<br>**3364703.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.83%** | Percent of class represented by amount in Row (11)<br>**4.83%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **G53151109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Jaekeun Kim** | Name of reporting person<br>**Jaekeun Kim** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**M5** | Citizenship or place of organization<br>**M5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**7134385.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**7134385.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7134385.00** | Aggregate amount beneficially owned by each reporting person<br>**7134385.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**10.31%** | Percent of class represented by amount in Row (11)<br>**10.31%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **G53151109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pyeung Ho Choi** | Name of reporting person<br>**Pyeung Ho Choi** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**M5** | Citizenship or place of organization<br>**M5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**4952283.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**4952283.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4952283.00** | Aggregate amount beneficially owned by each reporting person<br>**4952283.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.16%** | Percent of class represented by amount in Row (11)<br>**7.16%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **G53151109** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Young Jae Lee** | Name of reporting person<br>**Young Jae Lee** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**M5** | Citizenship or place of organization<br>**M5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**2716633.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**2716633.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2716633.00** | Aggregate amount beneficially owned by each reporting person<br>**2716633.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.93%** | Percent of class represented by amount in Row (11)<br>**3.93%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Ordinary Shares, par value $0.0001 per share

**(b) Name of Issuer:**
K Wave Media Ltd.

**(c) Address of Issuer's Principal Executive Offices:**
121 South Church Street, George Town, Grand Cayman, E9, KY1-1104

This Amendment No. 1 (this "Amendment No. 1") to Schedule 13D amends and supplements the statement on Schedule 13D originally filed with the U.S. Securities and Exchange Commission (the "SEC") on October 14, 2025 (the "Schedule 13D") by Hyung Seok Cho, Ted Kim, Jaekeun Kim, Pyeung Ho Choi and Young Jae Lee (each, a "Reporting Person", and collectively the "Reporting Persons"), related to Ordinary Shares, par value $0.0001 per share (the "Ordinary Shares"), of K Wave Media Ltd., a Cayman Islands exempted company ( the "Issuer").

Each Item below amends and supplements the information disclosed under the corresponding Items of the Schedule 13D as described below. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 is hereby amended to add the following:

On November 17, 2025, Ted Kim, through his wholly owned entity, Global Fund LLC, transferred to Jaekeun Kim an aggregate of 1,853,874 Ordinary Shares Jaekeun Kim as a bonus award for Jaekeun Kim's previous investments into K Enter Holdings Inc., a subsidiary of the Issuer. Between December 18, 2025 and December 22, 2025, Ted Kim, through his wholly owned entity, Lodestar USA Inc., disposed of an aggregate of 915,355 Ordinary Shares. Additionally, between November 17, 2025 and December 22, 2025, Ted Kim, through an entity of which Ted Kim is a managing member and an owner, Global Star Acquisition I, LLC (the "Sponsor"), disposed of an aggregate of 1,884,500 Ordinary Shares. As a result of the foregoing dispositions, Ted Kim ceased to be the beneficial owner of more than five percent of the Ordinary Shares.

Between November 26, 2025 and December 18, 2025, Hyung Seok Cho disposed of an aggregate of 8,622,587 Ordinary Shares. As a result of the foregoing dispositions, Hyung Seok Cho ceased to be the beneficial owner of more than five percent of the Ordinary Shares.

Between December 23, 2025 and December 30, 2025, Young Jae Lee disposed of an aggregate of 1,954,668 Ordinary Shares. As a result of the foregoing dispositions, Young Jae Lee ceased to be the beneficial owner of more than five percent of the Ordinary Shares.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 is hereby amended by deleting such Item in its entirety and replacing it with the following:

The information set forth in Item 4 of this Schedule 13D is incorporated into this Item 5 by reference.

The percentages set forth below and in the cover pages hereto are calculated based on 69,166,879 Ordinary Shares issued and outstanding as of the date of this Amendment No. 1, as reported by the Issuer.

**(b)**
(i) Hyung Seok Cho may be deemed to be the beneficial owner of and have sole voting and sole investment power over 46,280 Ordinary Shares held directly by Hyung Seok Cho (representing 0.07% of the total number of Ordinary Shares outstanding, calculated in accordance with Rule 13d-3(d)(1)(i) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")).

(ii) Ted Kim may be deemed to be the beneficial owner of 3,364,703 Ordinary Shares (representing 4.83% of the total number of Ordinary Shares, calculated in accordance with Rule 13d-3(d)(1)(i) under the Exchange Act). These Ordinary Shares include: (i) 1,635,847 Ordinary Shares held by Global Fund LLC, over which Ted Kim may be deemed to have sole voting and sole investment power, (ii) 492,084 Ordinary Shares held by Lodestar USA, Inc., over which Ted Kim may be deemed to have sole voting and sole investment power, and (iii) 498,225 Ordinary Shares over which Ted Kim may be deemed to have sole voting and sole investment power over, which Ordinary Shares underlie warrants to purchase Ordinary Shares previously issued by the Issuer to Ted Kim and exercisable for these Ordinary Shares within 60 days of the date of this Amendment No. 1. The Ordinary Shares also include 738,547 Ordinary Shares held by Global Star Acquisition I, LLC (the "Sponsor"), of which Ted Kim may be deemed to be a beneficial owner as a result of his position as a managing member and as an owner of the Sponsor. Ted Kim and Anthony Ang are the managing members of the Sponsor and share voting and share investment power over the 738,547 Ordinary Shares held by the Sponsor.

(iii) Jaekeun Kim may be deemed to be the beneficial owner of and have sole voting and sole investment power over 7,134,385 Ordinary Shares (representing 10.31% of the total number of Ordinary Shares, calculated in accordance with Rule 13d-3(d)(1)(i) under the Exchange Act). These Ordinary Shares include (i) 78,037 Ordinary Shares held directly by Jaekeun Kim, and (ii) 7,056,348 Ordinary Shares held by JVC Inc., of which Jaekeun Kim is the sole owner.

(iv) Pyeung Ho Choi may be deemed to be the beneficial owner of and have sole voting and sole investment power over 4,952,283 Ordinary Shares held directly by Pyeung Ho Choi  (representing 7.16% of the total number of Ordinary Shares outstanding, calculated in accordance with Rule 13d-3(d)(1)(i) under the Exchange Act).

(v) Young Jae Lee may be deemed to be the beneficial owner of and have sole voting and sole investment power over 2,716,633 Ordinary Shares held for his own account held directly by Young Jae Lee (representing 3.93% of the total number of Ordinary Shares outstanding, calculated in accordance with Rule 13d-3(d)(1)(i) under the Exchange Act).

**(c)**
Except with respect to the dispositions described in Item 4, during the past 60 days, none of the Reporting Persons has effected any transactions in the Ordinary Shares of the Issuer.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Hyung Seok Cho

**Signature:** /s/ Hyung Seok Cho

**Name/Title:** Hyung Seok Cho

**Date:** 01/27/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ted Kim

**Signature:** /s/ Ted Kim

**Name/Title:** Ted Kim

**Date:** 01/27/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Jaekeun Kim

**Signature:** /s/ Jaekeun Kim

**Name/Title:** Jaekeun Kim

**Date:** 01/27/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pyeung Ho Choi

**Signature:** /s/ Pyeung Ho Choi

**Name/Title:** Pyeung Ho Choi

**Date:** 01/27/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Young Jae Lee

**Signature:** /s/ Young Jae Lee

**Name/Title:** Young Jae Lee

**Date:** 01/27/2026