[Asia Economy Reporter Buaeri] Kakao Entertainment and Melon Company are merging.
Kakao Entertainment announced on the 15th, "After final approval through the shareholders' meeting on the 30th, we plan to complete the merger by September 1."
Melon Company, spun off from Kakao, will join Kakao Entertainment as an in-house independent company (CIC).
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Melon Company will be newly led by CEO Lee Jineuk. Even after the merger with Melon, Kakao Entertainment will continue to operate under the dual CEO system of Kim Seongsu and Lee Jinsu.
This content was produced with the assistance of AI translation services.
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