Kakao M

Kakao M is a South Korean entertainment company. It was founded in 1978 as Seoul Records by Min Yeong-bin. It was renamed to YBM Seoul Records in 2000, Seoul Records in 2005, and LOEN Entertainment in 2008. In 2016, the company was acquired by Kakao Corp. after buying 76.4% of the company's stocks for $1.9 trillion won ($1.6 billion USD). On January 25, 2021, it was announced that the company would be merging into Kakao Page to form Kakao Entertainment. The merger was finalized on March 2, 2021 with Kakao Page as the surviving company and Kakao M as the defunct company.