The company is buying most of the 18.7% stake in SM owned by SM founder Lee Soo Man. The deal is priced at $336 million (KRW423 billion), giving SM Entertainment an implied valuation of $2.27 billion.

Kakao, one of South Korea’s top internet giants, has doubled down on its quest to take control of SM Entertainment, the iconic K-pop music agency.. The tech firm announced Tuesday that it would ...

The K-Pop world is currently going through one of its biggest ever corporate dramas, with SM Entertainment, the label of BoA, Girls Generation, EXO and Super Junior, fighting off what its ...