SEOUL, May 29 (Korea Bizwire) — SM Entertainment will expand its strategic partnership with Tencent Music Entertainment Group, following the Chinese streaming giant’s move to become SM’s second-largest shareholder. SM announced Thursday it signed a memorandum of understanding with Tencent Music to broaden cooperation beyond music distribution. The partnership will include the co-production of new [...]
SEOUL, May 27 (Korea Bizwire) – K-pop powerhouse Hybe said Tuesday it will sell its entire stake in rival SM Entertainment to China’s Tencent for 200 billion won (US$145.5 million). In a regulatory filing, Hybe said it will dispose of 2,212,237 shares of SM Entertainment, which represents a 9.38 percent stake in the company. The [...]
SEOUL, Feb. 3 (Korea Bizwire) - Lee Soo-man, the legendary figure behind the global rise of K-pop, is setting his sights beyond the phenomenon known as “hallyu.” The founder and former executive producer of K-pop powerhouse SM Entertainment envisions a future where Korean entertainment transcends national labels. “We must now move beyond hallyu,” Lee said [...]
SEOUL, Nov. 16 (Korea Bizwire) — SM Entertainment said Thursday it has recently sealed a deal with a British company to create a boy group. The South Korean entertainment giant made an agreement on the production with British producer Moon & Back Media, founded by veteran executives Dawn Airey, Nigel Hall and Russ Lindsay. The [...]
SEOUL, Oct. 19 (Korea Bizwire) — The chief investment officer of Kakao Corp. was arrested Thursday on suspected stock manipulation in connection with the tech giant’s acquisition of SM Entertainment. The Seoul Southern District Court issued an arrest warrant for the Kakao executive, Bae Jae-hyun, citing concerns about the possible destruction of evidence and flight [...]
SEOUL, Sept. 25 (Korea Bizwire) — The founder and former chief producer of SM Entertainment, Lee Soo-man, is stepping up his environmental, social and governance (ESG) activities with a tree-planting project in Los Angeles. Lee will participate in the tree-planting event at Seoul International Park on Thursday (local time), according to music industry sources. He [...]
SEOUL, June 19 (Korea Bizwire) — Three members of K-pop boy group EXO have decided to maintain their exclusive contracts with SM Entertainment after resolving differences over a contract issue, both sides said Monday. Baekhyun, Xiumin and Chen of the nine-piece group had been in a dispute with the K-pop powerhouse over what they claimed [...]
SEOUL, Sept. 12 (Korea Bizwire) — “We are preparing to set up a subsidiary in Vietnam,” said Han Se-min, the CEO of SM Entertainment, on September 11 in Hanoi. The remarks by the head of the country’s No.1 entertainment company came during a panel discussion at the Korea-Vietnam Business Cooperation Seminar on September 11. “We [...]
SEOUL, Dec. 18 (Korea Bizwire) — Kim Jong-hyun, singer of popular K-pop group SHINee, died Monday in an apparent suicide, police said. He was 28. Kim, better known by his stage name Jonghyun, was found unconscious at a rented apartment studio in Cheongdam-dong, southern Seoul, around 6:10 p.m., according to police. Kim’s sister made the [...]
SEOUL, March 8 (Korea Bizwire) – With Me, the convenience store managed by Shinsegae group, announced that they opened a new store in the SUM Market located in the Samsung-dong building of SM Entertainment. The 1,161st With Me store showed record breaking sales, for the number of sales were 2.5 times higher than the average [...]