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 déplacer for Kakao, who wanted to extend their market beyond their current field. Do toi think this change will be a positive thing for the Korean musique industry?
Source: link
