posted by MissDIU
Kakao has acquired Loen Entertainment!
Loen Entertainment is one of the biggest labels in Korea, with IU, HISTORY, Sunny Hill, Melody Day, FIESTAR, and more, and also manages MelOn. Loen Entertainment also has the biggest shares in A Cube Entertainment, Starship Entertainment, and King 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?