KT Music

KT Music Corporation
Native name
 주식회사 KT 뮤직
(or 주식회사 케이티 뮤직)
Public joint-stock company
Traded as KRX: 043610
Industry contents (music)
Predecessor Blue Cord Technology Co., Ltd.
(as a division)
Founded February 7, 1991
Headquarters 106-17 Samseong-dong, Gangnam-gu, Seoul, South Korea
Area served
 worldwide
Key people
 Kim Seong-wook (CEO)[1]
Products music albums, online services
Services production, distribution
Owner KT Corporation (49.98%)
convertible bond of seven companies (S.M. Entertainment, YG Entertainment, JYP Entertainment, Star Empire Entertainment, CAN Entertainment, Media Line and Music Factory Entertainment) (13.48%)[2][3]
Parent KT Corporation
Website ktmusic.co.kr

KT Music (kt music in lowercase, Hangul: KT 뮤직), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content.

History

The company's history can be traced from the music contents division of Blue Cord Technology, established in 1991. The same division then owned Muz (now Olleh Music), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.

In 2007, Blue Cord was acquired by KT Freetel, and upon merging with the former, made the music division a separate company named KTF Music. In 2009, the company was renamed as KT Music due to the merger of KTF and its parent KT Corporation.

It acquired KMP Holdings in 2012.[4][5][6][7][8][9][10][11]

Assets

References

  1. ↑ KT Music appoints Kim Seong-wook as new CEO (Park Won-ik, The Chosun Ilbo, 2015-1-19)
  2. ↑ Seven companies - including SM, YG, JYP - become KT Music stakeholders (Cho Seung-hoon, Gaon Music Chart, 2014-1-24)
  3. ↑ KT Music CB conversion completed: SM, YG, JYP are major shareholders (Park Won-ik, The Chosun Ilbo, 2014-1-23)
  4. ↑ KT Music History
  5. ↑ Blue Cord Technology History
  6. ↑ Doremi Media History
  7. ↑ KTF acquires Blue Cord (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)
  8. ↑ Blue Cord changes name to KTF Music (Lee Soo-eun, NextDaily, 2008-3-28)
  9. ↑ Blue Cord renames as KTF Music (Dorothy H.W. Sim, DigitalTimes, 2008-3-28)
  10. ↑ KT acquires KMP Holdings "for music competitiveness" (Jung Yoon-hee, ZDNet Korea, 2012-11-2)
  11. ↑ Effects of KT Music's acquisition of KMP Holdings on the "Big Three" (Choi Jung-soo, The Asia Economy Daily, 2013-3-8)
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