After logging in, click 'Market.’

1. Click the song you wish to purchase to go to the Details page.

2. The desired selling price & buying price from other users will be shown on the left (5 prices, starting from the lowest). If you click a price, it will automatically be entered as the ‘desired buying price’ on the right.

3. Click ‘Purchase’ and check all the boxes below. Then, click ‘Confirm’ to complete your purchase.

You can check the copyrights that you own at ‘My Account > My Songs.’

* If you apply for a purchase at an amount other than the indicated ‘desired selling price,’ your request will be transferred to the ‘Waiting List.’

The purchase will be automatically completed once there is a user who wishes to sell their copyright under your desired buying price.

You can check your ‘Waiting’ status at the ‘Waiting for Transaction’ window on the Song Detail page.

* At Musicow, we charge a transaction fee of 1.2% (1 share) to maintain & operate a smooth trading platform. The transaction fee is limited to max. 300 KRW per share.

However, Discounted trading fee of 1.0% is applied if you place a purchase order for more than 5 shares (No more than 250 CASH per share / cut off after decimal point).

After logging in, go to ‘My Account' > 'My Songs.’

1. Click the song you wish to sell and go to the Song Detail Page.

2. The desired selling price & buying price from other users will be shown on the left (5 prices, starting from the lowest). If you click a price, it will automatically be entered as the ‘Selling price’ on the right.

3. After setting the quantity that you wish to sell, click ‘Sell’ and check all the boxes below. Then, click ‘Confirm’ and your request will be added to the list. You can check your transaction status at the ‘Waiting for Transaction’ list in the Song Detail page.

4. If anyone wants to purchase the copyright at a price above your selling price, the transaction will be automatically completed, and the money will be directly added to ‘My Wallet.’

* If you wish to make a sales request at a price other than the indicated desired price, set the quantity & price, then click ‘Sell.’ After checking all the boxes below, click ‘Confirm’ to complete the sales registration.

* At Musicow, we charge a transaction fee of 1.2% (1 share) to maintain & operate a smooth trading platform. The transaction fee is limited to max. 300 KRW per share.

In the case of music, the term ‘copyright’ is normally divided into ‘Author’s Rights’ and ‘Neighboring Rights.’

‘Author’s Rights

‘Author’s Rights’ is a right held by the creator of the original work (in the case of music, lyricist/songwriter/arranger/etc.), or a person who has transferred/inherited the right from the original holder.

Neighboring Rights

‘Neighboring Rights’ is a right held by the performer (in the case of music, singer/producer/etc.) who interprets & delivers the original work to the consumers so they can enjoy it..

Among them, the neighboring rights that are serviced through Musicow through an auction are mostly the rights of producers who are highly related to the Author’s Rights.

Under the current Copyright Act, the rights of music producers include the right to reproduce, right to distribute, right to rent, right to transmit (for record producers/digital audio transmission service providers/performers who perform using a commercial record), and the right to claim for compensation.

In terms of ‘value,’ considering that both author’s right & neighboring right are rights that are protected on a long-term basis, there is not much difference between the current value of author’s right and neighboring right (earned by converting the expected future profit to current value)

However, under the current law, the author’s right is protected for 70 years after the death of the original author (artist), and the neighboring right is protected for 70 years after the release of the record. Therefore, you must remember that if you hold decide to purchase a share of neighboring rights, the amount of time where you can receive the copyright royalty will be relatively short.