SM Entertainment

Entertainment Kakao Entertainment scraps IPO, seeks new buyer

Kakao Corp., South Korea’s largest mobile platform, is looking to sell a majority stake in Kakao Entertainment Corp., dropping a plan to take ...

Entertainment Kakao Entertainment sheds loss-making units, revives IPO prospects

Kakao Entertainment Corp. has been divesting unprofitable music labels and digital content platforms, which it has gobbled up over the past few year...

Entertainment Korean entertainment stocks advance, unfazed by US tariff concerns

South Korean entertainment and gaming stocks climbed on Friday, defying a broader market drop as investors sought refuge in sectors seen as immune t...

K-pop K-pop exports boom as end of Chinese K-wave ban looms large

Exports of Korean popular music, or K-pop, have seen a significant surge in recent months, driven by increasing demand from China and Japan, accordi...

Entertainment SM Entertainment acquires additional 11.4% stake in DearU for $9.2 mn

SM Entertainment Co., South Korea’s music powerhouse behind internationally popular boy and girl bands like EXO and aespa, has acquired an add...

Korean stock market Korea’s Nextrade stock exchange debuts; YG Entertainment tops 1st day

South Korea’s first alternative stock exchange Nextrade (NXT) started trading on Tuesday, challenging the Korea Exchange’s (KRX) long-st...

IPOs Korean entertainment powerhouse K Wave Media to debut on Nasdaq in Feb

K Wave Media Ltd., an umbrella entity of South Korean entertainment companies, is set to go public on the Nasdaq next month in a bid to raise money ...

Real estate Seoul office sales rebound for first time in 4 years in 2024

The Seoul office market bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won ($9.1 bill...

Korean games S.Korea's Smilegate invests in GTA producer's studio

Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, said on Tuesday it invested in the US-based medi...

Mergers & Acquisitions Korea Zinc’s role questioned in SM Entertainment stock manipulation case

When OneAsia Partners, a Seoul-based private equity fund operator, revised part of its PEF Havana I’s articles of association on Feb. 14, 2023...

Entertainment SM's UK K-pop group Dear Alice to debut with Gamma

South Korea's SM Entertainment Co. partnered with the US-based music label "Gamma." to globally debut its first British K-Pop boy group Dear Alice.A...

Mergers & Acquisitions CJ CheilJedang puts bio business on market for $4 bn

CJ CheilJedang Corp., South Korea’s largest food company, is seeking to sell its bio business for about 6 trillion won ($4.3 billion) in what ...

Entertainment Korean choreography copyrights to be protected by Naver Z deal

South Korean dance choreography copyrights will be protected through an agreement between Naver Z Corp., the operator of Asia’s largest metave...

Korean startups Jay-Z’s Roc Nation to invest $5 mn in S.Korea’s Musicow  

US entertainment tycoon Jay-Z’s Roc Nation is expected to invest about $5 million in Musicow Inc., South Korea’s music copyright trading...

Shareholder activism Align Partners calls on Doosan Bobcat to boost shareholder value

Align Partners Capital Management Inc., a South Korean activist fund, has called on Doosan Bobcat Inc., a global construction machinery maker owned ...

Corporate strategy CJ Group explores Saudi Arabia's entertainment potential

CJ Group, South Korea’s food-to-entertainment giant, is exploring business opportunities in Saudi Arabia's entertainment and logistics sectors...

Artificial intelligence LG Uplus, SM Entertainment to launch AI Idols

South Korea's LG Uplus Corp. said on Sunday that it will team up with SM Entertainment Co. to develop content using generative artificial intellig...

Entertainment LG Uplus to produce live-action robot drama

South Korea's LG Uplus Corp. announced plans to partner with SAMG Entertainment and HighZium Studio Co. to create Korean-style robot content, aimi...

K-pop SM Entertainment, S.Korean startup Jienem to build K-Pop hotel

South Korea's residence operator startup Jienem announced on Monday that it signed a memorandum of understanding (MOU) with Kreation Music Rights (K...

Entertainment HYBE accelerates transition into platform company

HYBE Co. is accelerating its push to transform into a platform company as it prepares to launch a new digital fan community platform. This platform ...

Entertainment HYBE offers to sell $62 mn SM Entertainment shares

HYBE Co., the company behind global sensations BTS and NewJeans, has offered to sell some of its shares in K-pop pioneer SM Entertainment Co. in a b...

Electronics LG named UK’s best home entertainment brand for five years

LG Electronics Inc. announced on Wednesday that it has been named Home Entertainment Brand of the Year at the "Which? Awards," hosted by the UK non-...

Aerospace & Defense SM Bexel supplies $14.7 mn lithium ampoule batteries to KDI

SM Bexel Co., the battery manufacturing arm of South Korea's SM Group, announced on Tuesday that it signed a supply contract worth 20 billion won ($...

Entertainment Hasty overseas expansion hurts Korean entertainment sector

South Korea’s entertainment and content industries suffered from hasty expansions with investments of billions of dollars in the global market...

Artificial intelligence S.Korea’s KT to innovate media, content businesses with AI

South Korea’s telecom giant KT Corp. is set to innovate its media and content businesses with artificial intelligence as it seeks new growth d...

Entertainment Korean theme parks recover to near pre-pandemic levels

Everland and Lotte World, South Korea’s two largest theme parks, posted their highest-ever profits in 2023, recovering from the COVID-19 pande...

Entertainment Kakao Entertainment, Billboard to collaborate for K-pop

South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., partnered with the renowned US music magazine Billboard on W...

Korean games S.Korean game developers to utilize idol group IPs

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., signed a licensing deal with SM Entertainment Co. to utilize idol ...

Corporate restructuring Kakao Entertainment seeks restructuring, closer ties with Piccoma

South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., is seeking renewed growth through corporate restructuring and ...

Tech, Media & Telecom Wavve to enter European, Oceanian OTT markets

South Korea's over-the-top (OTT) platform company Wavve announced on Wednesday that it plans to enter European and Oceanian OTT markets through it...