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[ASKKPOP] Kakao acquires Loen Entertainment

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Kakao has acquiredLoen Entertainment!


Loen Entertainment is one of the biggest labels in Korea, withIU,HISTORY, Sunny Hill,Melody Day,FIESTAR, and more, and also managesMelOn. Loen Entertainment also has the biggest shares inA Cube Entertainment,Starship Entertainment, andKing Kong Entertainment.

 


This is a giant move for Kakao, who wanted to extend their market beyond their current field. Do you think this change will be a positive thing for the Korean music industry?



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