Entertainment Industry Archives | Be Korea-savvy
Major Talent Agencies Make Forays into New Business Areas

Major Talent Agencies Make Forays into New Business Areas

DAEJEON, April 19 (Korea Bizwire) — South Korea’s talent management agencies are actively exploring new business opportunities, with the number of their trademark applications in new business areas including metaverse, rising at a rapid pace. The Korea Intellectual Property Office analyzed the trend of trademark applications by the nation’s major music labels and talent agencies [...]

Game Developers Wade into Booming S. Korean Entertainment Industry

Game Developers Wade into Booming S. Korean Entertainment Industry

SEOUL, Aug. 31 (Korea Bizwire) — South Korean game developers have been turning their eyes to the production of TV series and films in a bid to diversify their business portfolios amid the booming Korean entertainment industry. Com2uS, an online and mobile game publisher, said last week that it has claimed a combined 38 percent [...]

S. Korea to Spend Over 1 tln Won to Nurture Content Creators

S. Korea to Spend Over 1 tln Won to Nurture Content Creators

SEOUL, Sept. 17 (Korea Bizwire) — South Korea announced plans Tuesday to help raise the global competitiveness of the country’s entertainment and content industry via an investment-loan guarantee project worth more than 1 trillion won (US$841 million). The government will spend 450 billion won by 2022 in a “content venture investment fund” aimed at offering [...]

China Expands Entertainment Industry while Banning Korean Pop Culture: Data

China Expands Entertainment Industry while Banning Korean Pop Culture: Data

SEOUL, Apr. 13 (Korea Bizwire) — China has been expanding its own entertainment industry while banning imports of South Korean cultural content over a missile row, industry data showed Wednesday. Beijing has imposed economic sanctions on South Korea in recent months as Seoul is pushing ahead with the installment of the U.S. Terminal Altitude Area [...]

Cosmetics, Entertainment Shares Drop amid Korea-China Discord over THAAD

Cosmetics, Entertainment Shares Drop amid Korea-China Discord over THAAD

SEOUL, Nov. 21 (Korea Bizwire) – South Korean shares of cosmetics and entertainment companies closed lower on Monday amid concerns over Chinese state-sanctioned retaliatory measures against Korea’s deployment of an American THAAD battery.  Big-name K-pop producers, including SM (-8.16 percent), YG (-6.9), and JYP Entertainment (-2.79); film distributors and producers such as Showbox (-14.57) and [...]

THAAD Affects Korea’s Stock-Rich Celebrities

THAAD Affects Korea’s Stock-Rich Celebrities

SEOUL, Sept. 12 (Korea Bizwire) – Korea’s entertainment industry has been among the most affected by the government’s recent decision to deploy a THAAD battery, and it has resulted in losses of billions of won for stock-rich celebrities with large stakes in entertainment companies.  According to Chaebol.com, a market research firm, the total stock assets (as [...]

Rumors Spreading of Potential Chinese Restrictions on K-pop Products

Rumors Spreading of Potential Chinese Restrictions on K-pop Products

SEOUL, Aug. 17 (Korea Bizwire) – Unnerving rumors spread across the Korean entertainment industry in the weeks that followed the Korean government’s decision to deploy a THAAD (Terminal High Altitude Area Defense) battery in Seongju, a county in North Gyeongsang Province, with some suggesting that the Chinese government would retaliate by controlling the spread of hallyu (Korean [...]