HANCHANG has acquired talent agency BEAT INTERACTIVE, the broadcasting equipment manufacturer announced in a recent regulatory filing.
BEAT INTERACTIVE currently manages celebrities SON HO YOUNG, FORESTELLA, KO WOO RIM, NEWBEAT, PARK IN HWAN, CHOI JONG HYUN, and SONG DONG EON.
HANCHANG stated that it will acquire 200,000 shares of the agency, representing 100% ownership, thereby making BEAT INTERACTIVE a wholly owned subsidiary. The transaction will be finalized on June 9.
Kim Hye Im, CEO of BEAT INTERACTIVE, will retain her position, while Kim Se Hwang, guitarist of the rock band N.EX.T, will be appointed as Chief Entertainment Officer. Kim Se Hwang previously served as Chief Operating Officer at Attrakt, the agency behind girl group Fifty Fifty.
With this acquisition, HANCHANG aims to enter and expand its presence in the K-content industry.
Journalist: Shawn
Translator: Shawn
Source: BEAT INTERACTIVE
