K-pop

In a strategic move to stimulate domestic consumption, China is reportedly turning to the K-pop industry amid its ongoing trade war with the United States and a weakening domestic market. What Happened:  China is set to host K-pop group Epex for a concert in Fuzhou, Fujian province, on ...

South Korean authorities have issued an arrest warrant for Brian Kim, the founder of Kakao Corp., over allegations of violating capital market laws. This could potentially lead to Kim becoming the most prominent business figure in the country to face imprisonment in recent years. What Happened: The...

In a defiant act, a group of North Korean defectors in Seoul launched large balloons filled with K-pop and South Korean cultural content across the border. This move comes as a retaliation for the trash-filled balloons sent by Kim Jong Un‘s North Korea. What Happened: The Fighters for Free...

One of the top beverage companies in the world is teaming up with K-pop group BLACKPINK. The partnership comes as the music genre has exploded in growth in many countries worldwide. What Happened: Restaurant companies have partnered with musicians as a way to market to new audiences in the past....

Japanese billionaire Yusaku Maezawa, who earlier said he would make a "big announcement" on Dec. 9, revealed that K-pop star TOP and DJ Steve Aoki would be among the eight crew members that he plans to take on a trip around the Moon on one of Elon Musk‘s SpaceX's rocket. What Happened:...

Popular Korean pop group BTS announced news it was taking a break Monday, a move that came as a bit of a surprise and will likely have some fans saying “Life Goes On,” like the band’s hit song. What Happened: K-pop band BTS saw its managing agency Hybe Co. go public in 2020 and...

Shares of Hybe Corporation, the managing agency for South Korean boy band BTS, plunged below the price of their initial public offering for the first time, extending a downturn that has erased roughly $10 billion from their peak. What Happened: On Wednesday, Hybe traded as low as 129,000 won, down...

A new deal signed by Walt Disney Co. (NYSE: DIS) might be “smooth like butter” and may provide a boost to the entertainment giant's streaming platform. What Happened: Korean pop group (K-pop) BTS — one of the most popular bands in the world — signed a content deal with...

Spotify Technology (NYSE: SPOT) is headed to the metaverse with the help of a video game company. What Happened: Spotify announced the launch of Spotify Island inside the Roblox game from Roblox Corp (NYSE: RBLX). “Pack your bags, because Spotify is taking a journey into the metaverse...

Apple, Inc. (NASDAQ: AAPL) is set to open the doors of its new — South Korea's largest — retail store in the center of Seoul on Saturday. The Myeongdong store will debut Apple's first-ever K-pop Today at the Apple Remix session featuring K-pop supergroup SEVENTEEN. The company,...

One of the most popular bands in the world is joining the non-fungible token market with a new joint venture. What Happened: Hybe, a South Korean agency, is partnering with Dunamu, on a joint venture that will bring NFTs of BTS to market. Hybe is paying $423.1 million to acquire a 2.5% stake...

Streaming music company Spotify Technologies SA (NYSE: SPOT) on Thursday announced plans to expand to South Korea in the first half of 2021. The high user response to Korean music and artists, especially K-Pop tracks, was a major factor influencing the decision to expand, Spotify suggested. What...

The stock of Big Hit Entertainment Co., the agency behind the famed K-pop boy band BTS, doubled on trading debut on Wednesday, reports Bloomberg. The company's shares opened for trading at 270,000 won ($235) in Seoul, which compares with its initial public offering...