Kakao M

Kakao M (Korean: 카카오M; formerly Seoul Records, YBM Seoul Records and LOEN Entertainment) was a South Korean entertainment company established by Min Yeong-bin in 1978. It was one of the largest co-publisher companies in South Korea. The company operated as a record label, talent agency, music production company, event management, concert production company, and music publishing house.

Kakao M Corp.
Native name
주식회사 카카오엠
(full)
(주)카카오M
(shortened)
FormerlySeoul Records (1978–2000, 2005–2008)
YBM Seoul Records (2000–2005)
LOEN Entertainment (2008–2018)
Company typePublic Jusikhoesa (J.H.)
Industry
GenreVarious
FoundedOctober 1978 (1978-10)
FounderMin Yeong-bin
DefunctMarch 2, 2021 (2021-03-02)
FateMerged into KakaoPage, subsequently renamed Kakao Entertainment, business and subsidiaries were put up as the Kakao Entertainment M Company division
SuccessorKakao Entertainment
Headquarters
Seoul
,
South Korea
Number of locations
3 (see list)
Area served
Worldwide
Key people
(Until March 2, 2021)
Stephan Kim (CEO)
Kim Young-suk (EVP/Head of Music Content Company)
Jang Sai-jung (EVP/Head of Video Content Company)
Services
  • Music Production
  • Media Production
  • Record Distribution
  • Licensing
  • Publishing
Revenue US$ 323.2 million (2014)
KRW 65.9 billion (2015)
KRW 58.4 billion (2014)
Net income
KRW 50.6 billion (2015)
KRW 45.7 billion (2014)
Total assets KRW 303.8 billion (2014)
Number of employees
361 (as of October 2016 (2016-10))
ParentYBM Group (1978–2005)
SK Group (2005–2016)
Affinity Equity Partners (2013–2016)
Kakao Corp. (2016–2021)
Divisionssee list
Subsidiariessee list
Korean name
Hangul
카카오 M
Revised RomanizationKakao M
McCune–ReischauerK'ak'ao M
Websitekakao-m.com

As of 2015, the company was the leading record company in South Korea by net revenue according to the statistics compiled by the Korea Music Content Industry Association (KMCIA) through the Gaon Music Chart (30.4%); it was also the second leading company in terms of album sales (25.4%). LOEN Entertainment became a subsidiary of Kakao in January 2016 and was subsequently renamed two years later.

Online music sales accounted for most of the company's profit, with 93.9% of revenue coming from online music sales. The label also distributed CDs of some other entertainment agencies in South Korea through its branch 1theK, but made less than 5% of its revenue through them.

On March 2, 2021, the company became defunct upon merging into KakaoPage. The merger resulted in the formation of a new company, Kakao Entertainment.

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