SEOUL, July 14 (Korea Bizwire) — Young workers at major entertainment companies and fashion stylist agencies are facing a labor legislation loophole. The Ministry of Employment and Labor investigated the working conditions at two major entertainment companies and 10 fashion stylist agencies that have been in business with these companies. According to the ministry, the [...]
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 [...]
SEOUL, Dec. 24 (Korea Bizwire) — K-pop agencies are jumping into the non-fungible token (NFT) market as it rises as the new ‘blue chip’ in the entertainment industry. South Korean indie band Glen Check joined hands with music NFT company 3PM to issue 1,111 NFTs based on the theme of ‘Seven Deadly Sins’. First off, [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s video game powerhouses are eyeing new grounds, from K-pop to TV shows, in search for new audiences as they become increasingly outshined by a new generation of game companies. Earlier this year, NCSOFT Corp., the creator of the hit fantasy series “Lineage,” launched a K-pop fan platform [...]
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 [...]
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 [...]
SEOUL, May 31 (Korea Bizwire) — At a press conference last December, Bang Si-hyuk, CEO of Big Hit Entertainment, the company that manages the K-pop boy band sensation BTS, said that he hoped the group would serve “as a model [for other K-pop groups] and not just end as a mere happening.” Bang’s statement reflected [...]
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 [...]
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 [...]
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 [...]