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 verplaats for Kakao, who wanted to extend their market beyond their current field. Do u think this change will be a positive thing for the Korean muziek industry?
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