South Korea's residence operator startup Jienem announced on Monday that it signed a memorandum of understanding (MOU) with Kreation Music Rights (KMR), a music publishing subsidiary of K-pop pioneer SM Entertainment Co.
Under the MOU, both companies plan to build a K-pop hotel catering to global K-pop fans, overseas composers, and lyricists.
They aim to create a cultural hub for K-pop enthusiasts. Jienem operates six residences nationwide and has recently secured investment from SM Culture Partners.
The 2023 Global Hallyu Status report by the Korea Foundation and the Ministry of Foreign Affairs indicates that as of December last year, the number of Hallyu (Korean Wave) fans worldwide reached around 225 million.
Screenshot captured from Mindlogic website K-pop pioneer SM Entertainment Co.'s founder and former Chief Producer Lee Soo-man is expected to invest up to 10 billion won ($7.5 million) in Mindlogic Inc., a South Korean startup that is developing large language models (LLMs) and conversatio
SM Entertainment headquarters in Seoul (Courtesy of Yonhap News) K-pop powerhouse SM Entertainment Co. invested 1 billion won ($774,353) in a local app development startup valued at 20 billion won in June 2022 via its venture capital unit SM Culture Partners, banking sources said on Tuesday.&nb
Lee Soo-man, founder and former executive producer of South Korea's SM Entertainment Co., has reportedly made a huge investment in the Chinese self-driving aircraft company EHang, which makes drone taxis. EHang on Wednesday wrote on its website that a private placement of $23 million (29.
Logo of Jienem Guesthouse accommodation service provider Jienem is revving up to enter the Vietnamese market.The South Korean startup announced Wednesday that it signed a memorandum of understanding (MOU) with Vietnam’s property tech startup MMM Hospitality Co. and hotel franchise CHI Hos