Change Coming to Pop Culture Industry as Kakao, CJ Make their Moves

SEOUL, Jan.12 (Korea Bizwire) – With giant companies such as CJ E&M and Kakao jumping into popular culture businesses, huge changes in the television and music industries are expected to follow. Kakao, the company behind the most popular mobile messenger in Korea, announced that it will be taking over Loen Entertainment for 1.87 trillion won. [...]