South Korean companies SM Entertainment and Kakao Entertainment have launched what they are calling a “local integrated corporation” in North American as part of previously hinted-at efforts to accelerate their joint stateside operations and build upon the successes of their K-pop artists in the world’s largest music market. The companies said on Tuesday (Aug. 1) that the full-fledged firm’s topline goals are to develop and invest in new IP and build a “global 360-degree management system” to provide wide-ranging support for album releases, performances and promotional activities for their artist roster. SM/Kakao will
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