KH Group IHQ Strengthens Entertainment Sector Competitiveness with Acquisition of Maru Planning

[Asia Economy Reporter Hyungsoo Park] KH Group's IHQ has secured a leading position in the global market of the entertainment sector by acquiring Maru Planning.

IHQ announced on the 23rd that it acquired 47.14% of Maru Planning's shares on the 22nd, stating the purpose as "strengthening business competitiveness."

Maru Planning, established in 2010, is a company operating in all areas of entertainment including music production, films, dramas, and management. It houses Park Jihoon, a former member of Wanna One with a strong fandom, boy groups Ghost9 and TIN TIN, as well as actress Choi Moonhee who has appeared in various dramas and commercials. They also planned and produced Norazo's album "Yachae." Park Jihoon, formerly of Wanna One, participated as a trainee from Maru Planning in Mnet's "Produce 101 Season 2" and finished in 2nd place.

Maru Planning has now acquired IHQ's systematic management system and broadcasting infrastructure, securing a strong support team to discover talented artists and lead them onto the global stage. IHQ also expects increased sales through expanding its music business by securing idol stars and aggressively targeting the global content market.

KH Group's IHQ has solidified its position in the industry through operating four cable broadcasting channels and a management business representing talents such as Jang Hyuk, Kim Hyeyoon, Hwang Jeseong, and Lee Suji. Last month, it successfully launched the new-concept mobile OTT platform 'babayo,' bringing a fresh breeze to the OTT market.

This content was produced with the assistance of AI translation services.