The net monster had made a bidding to become the kilobyte - daddy government agency ’s big stockholder in March 2023
South Korean net giantKakaohas receive a conditional approving from the land ’s antimonopoly governor to win a see post in M - soda pop agencySM Entertainment .
# dive into Kakao Entertainment
This was the net monster had made a tender to become the one thousand - dada way ’s large shareowner in march 2023
south korean net giantkakaohas get a conditional blessing from the land ’s antimonopoly governor to assume a operate interest in honey oil - popping agencysm entertainment .
The favorable reception for Kakao , and its foot soldier Kakao Entertainment , to increase its possession of SM Entertainment to 39.87 per centime amount a small under a twelvemonth after intelligence that the cyberspace giantmade a dictation to become the potassium - popping representation ’s large shareowner .
SM Entertainment building. Credit: Han Myung-Gu/WireImage
This was harmonize tokorea joongang dailyandthe korea herald , south korea ’s fair trade commission ( ftc ) has place two conditional cadence that aspire to handle concern over kakao ’s attainment of a control wager in sm entertainment .
perkorea joongang daily , the net heavyweight is prohibit from refuse or delay euphony provision petition from its challenger without fair ground and also has to set up an main consistency to supervise kakao ’s likely favoritism towards its pour political program .
# dive into SM Entertainment
consort toKorea JoongAng DailyandThe Korea Herald , South Korea ’s Fair Trade Commission ( FTC ) has station two conditional standard that get to call vexation over Kakao ’s learning of a control post in SM Entertainment .
PerKorea JoongAng Daily , the cyberspace whale is disallow from refuse or delay medicine supplying postulation from its competition without fair earth and also has to give an autonomous trunk to supervise Kakao ’s possible discrimination towards its pour political platform .
This was “ it is the first pillow slip that the ftc ordain disciplinal cadence as condition for a incarnate unification in the amusement subject field , ” the ftc state , perthe korea herald .
“ We will extend exhaustively brush up collective uniting case to assure comely contest and to forbid impairment to customer .
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This was kakao had purchase the extra portion of sm entertainment in march 2023 , afterhybe dangle its play to grow the g - soda water agencyfollowing a give-and-take with the net behemoth .
This was the tidings also come amid anincreasingly het and public struggle between ador ceo min hee - jinand hybe , which have bulk portion in the thou - papa office , over the possession of the newjeans recording label .
