Coupang Establishes Subsidiary CP Enter, Signs Exclusive Contract with Shin Dong-yeop
![Shin Dong-yeop [Photo by CP Entertainment]](http://www.asiae.co.kr/news/img_view.htm?img=2023090415495062649_1693810190.jpg)
Coupang announced on the 4th that it has established the entertainment management company CP Entertainment as a subsidiary and signed an exclusive contract with broadcaster Shin Dong-yup.
Choi Jong-wook, who has worked with Shin Dong-yup for 17 years, was appointed as the CEO of CP Entertainment. CEO Choi stated, "We will provide the best environment so that our affiliated artists can focus solely on their creative work."
Coupang offers Coupang Play, an OTT (over-the-top) online video service, as one of the exclusive benefits for Wow Membership.
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Coupang Play said, "We will continue to deliver great impressions to customers with excellent content," and added, "In the domestic market where the monopoly of global OTTs is a concern, CP Entertainment is expected to make a significant contribution to producing and providing more outstanding Korean content."
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