Kakao’s billionaire founder arrested for alleged stock manipulation in K-pop deal

Kim Beom-su, the billionaire founder of South Korean tech giant Kakao Corp., was arrested on Tuesday for allegedly manipulating stocks durin...

Kakao raided over SM Entertainment stock manipulation allegations

South Korean tech giant Kakao Corp. and its affiliate, Kakao Entertainment, were raided by the Financial Services Commission (FSC) on April ...

Kakao becomes majority shareholder of K-pop agency SM Entertainment

South Korean internet company Kakao has become the majority shareholder of K-pop agency SM Entertainment, with a controlling stake of 39.9%....

HYBE expected to net $87 million after selling all of its SM Entertainment shares

K-pop company HYBE announced its intention to sell its entire 15.8% stake in rival talent agency SM Entertainment to South Korean internet g...

K-pop girl group IVE takes it up to ‘Eleven’ with Columbia Records, Kakao partnership

Kakao Entertainment America has formed a partnership with American record label Columbia Records to co-manage K-pop girl group IVE and expan...

HYBE aims for US market acquisitions after pullout from SM Entertainment bid

K-pop entertainment company HYBE is looking to increase its footprint in the U.S. entertainment market through multiple acquisitions and inv...

Hybe drops takeover bid for SM Entertainment after talks with Kakao

South Korean entertainment company Hybe has pulled out of its takeover bid for SM Entertainment.  The K-pop agency behind acts such as BTS, ...

Kakao makes near-$1 billion tender offer for SM Entertainment in challenge to Hybe

South Korean tech giant Kakao has announced a bid to acquire up to 35% of SM Entertainment shares, which, if successful, would make them the...

HYBE publishes open letter upon completed acquisition of SM Entertainment

HYBE CEO Park Ji-won has published an open letter discussing his company’s completed acquisition of the majority stake in its competit...

Seoul’s first K-pop concert venue, set for 2025, will have a max capacity of 28,000 people

South Korean IT company Kakao and the Seoul Metropolitan Government have agreed to construct the first K-pop arena in Seoul. The arena, na...