Kakao Entertainment
Kakao Entertainment Corp.
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A subsidiary of the Internet company Kakao, it was established subsequent to the merger of the latter's two subsidiaries KakaoPage and Kakao M.
Wiki English | |
Native name | 주식회사 카카오엔터테인먼트 |
|---|---|
| Company type | Private subsidiary |
| Industry | |
| Predecessor | (as separate companies) |
| Founded | March 2, 2021 |
| Headquarters | South Korea |
Key people | Joseph Chang(CEO) Gisu Kwon(CEO) |
| Products |
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| Services | |
| Owner |
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| Parent | Kakao |
| Divisions |
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| Subsidiaries | see list |
| Website | KakaoEnt.com |
History
KakaoPage Corp.
Podotree Co, Ltd. was founded on July 20, 2010, as a subsidiary of Kakao, and launched KakaoPage three years later. On August 1, 2018, the company changed its corporate name to KakaoPage Corp.
Kakao M
Seoul Records, Inc. was founded in October 1978 by Young Bin Min, the owner of local educational company YBM Group (formerly Sisa English). In 2005, the company was acquired by SK Telecom and relaunched as LOEN Entertainment, Inc. three years later, before being sold to Star Invest Holdings (a subsidiary of Affinity Equity Partners).
In January 2016, it was taken over by Kakao and renamed again as Kakao M Corp. in December 2017.
In October 2020, the company expanded in Asia by launching a Thailand-based subsidiary called Kakao M Asia (Private) Co., Ltd. (currently Kakao Entertainment Asia Co., Ltd.).
Merger as Kakao Entertainment (2021–present)
In December 2020, KakaoPage Corp. proposed a merger with Kakao M Corp. as a unified company. It was seen as an action by their parent company against US-based Google’s new policy for its app market place users, which would've affected Kakao M, which KakaoTV platform was starting to become popular in South Korea.
Both companies announced the plans and timeline for their merger, as well as the proposed name for the unified company Kakao Entertainment Corp on January 25, 2021. Under the plans, KakaoPage Corp. is the surviving entity.
The merger was completed on March 1, and Kakao Entertainment was formally founded a day later.
On July 15, it was announced that Kakao Entertainment and Melon Company would be merging, with the merger expected to be complete in September 2021.
On September 17, Kakao Entertainment announced that Play M Entertainment and Cre.ker Entertainment would be merging in the future. On November 12, it was announced that the company's new corporate name would be IST Entertainment, which took effect on November 1.
Divisions
Page Company
Headed by co-CEO Joy Lee, the Kakao Entertainment's Page Company is in charge of the company's web fiction publishing and web development business. It is situated in Pangyo, Seongnam in Gyeonggi Province.
M Company
Headed by co-CEO Stephan Kim, the Kakao Entertainment's M Company is in charge of the company's entertainment and mass media business. Its headquarters is in Teheran-ro, Gangnam-gu in Seoul.
Subsidiaries
Under the Page Company
- AdPage
- Daon Creative
- KW Books
- Kiwi Vine
- RS Media
- Radish Media
- Samyang C&C
- Soundist Entertainment
- Tapas Media
- Yeondam
Under the M Company
Entertainment companies
- Antenna Music
- EDAM Entertainment
- IST Entertainment
- Starship Entertainment
- Starship X
- Highline Entertainment
Talent companies
- Awesome ENT
- BH Entertainment
- Bluedot Entertainment
- GRAYGO
- Maison de Baja
- High Up Entertainment
- J.Wide Company
- King Kong by Starship
- Management SOOP
- Moonlight Film
- Ready Entertainment
- Shownote
- Studio K11O
- VAST Entertainment & Media
Production companies
- Baram Pictures
- Dolphiners Films
- Kross Pictures
- Logos Film
- Mega Monster
- Sanai Pictures
- Story & Pictures Media
- Zip Cinema
Assets
Buildings
- Jungsuck Building (Seoul) - headquarters of the Kakao Entertainment M Company
- The Kakao Entertainment M Company also owns a building at Samseong-dong in Seoul, where the headquarters of IST Entertainment and Flex M are located.
Internet properties
- 1theK
- 1theK Originals
- 1theK Style (coming soon)
- KakaoPage
- KakaoPage Indonesia (formerly Neobazar) (Indonesia)
- KakaoTV
- Kakao Webtoon
- Melon
- Muse (mobile audition application)
- Radish (US)
- Wuxiaworld (US, acquisition subject to government approval)
- Tapas (US)
Locations
- Kakao Entertainment Page Company: Twosun World Building 8/F, 221, Pangyoyeok-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, South Korea
- Kakao Entertainment M Company: Jungsuck Building, 17, Teheran-ro 103-gil, Gangnam-gu, Seoul, South Korea
Notes
References
External links
- Official website (in Korean)
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