Kakao Entertainment Draws Nearly $1 Billion In Funding From ‘Leading Sovereign Wealth Funds,’ Sets Sights On Global Expansion

South Korea’s Kakao Entertainment, which operates several K-pop labels, a streaming service, and more, has announced the completion of a nearly $1 billion raise fueled by “leading sovereign wealth funds.” Kakao Entertainment, the majority owner of Seoul-based Starship Entertainment, unveiled the capital influx today, via a formal release that was shared with DMN…
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Jonathan Jeriah

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