Heirless, baby boomer SME owners in search of buyers
As baby boomer owners are retiring, their offspring opt to inherit cash instead of family business By
An automotive parts plating plant in Incheon, South Korea
The son of a South Korean manufacturing company s owner, with a Ph.D degree in engineering, has refused to take over his father s business and instead chose to work for an IT company. The daughter of another small Korean manufacturer s founding family is demanding cash instead of shares in her father’s company because she wants to continue her career as a professional doctor.
The two companies are among the small to medium-sized enterprises (SMEs) whose founding families have recently asked a top accounting firm to find buyers.
CJ joins race for over $200 mn stake in SM Entertainment
Kakao, touted as the strongest candidate, proposes over a 70% premium for SM Entertainment 22 HOURS AGO
SM Entertainment founder and Chief Producer Lee Soo-man (left) and SM s latest group, Aespa
South Korea s entertainment- and food-focused CJ Group has emerged as a darkhorse to buy a controlling stake worth about 300 billion won ($260 million) in SM Entertainment Co., the label behind K-pop groups such as Red Velvet, NCT and EXO.
Jumping into the race for an 18.75% stake in the entertainment powerhouse, CJ Group Vice Chairman Miky Lee, who reportedly lives in the US Virgin Islands, recently took an abrupt trip to Seoul and met with SM founder and Chief Producer Lee Soo-man, The Korea Economic Daily TV reported on Aug. 3.
Avatars: from niche market to global phenomena koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
On Monday, Mar. 8, two
EXO members had their works allegedly plagiarized by famous celebrities. Baekhyun s album cover was allegedly copied by a Chinese actress, while Lay s music video is said to have been copied by an Indonesian rapper.
Keep on reading to learn more.
EXO Baekhyun s Album Cover Copied by Chinese Actress
On Mar. 7, Chinese media websites reported on how actress Song Zu Er, also known as Lareina Song, plagiarized EXO member
Baekhyun s album cover. On Mar. 6, the actress shared a series of photos to her personal Weibo account. The photo at the center of the set she shared immediately caught the eye of her followers.
K-pop market remains bullish as entertainment shares soar kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.