[Korea ohahreum financial newspaper reporter] KT Music and the newly launched 'Genie music, professional music business.
As the agenda of the 30th vote on the name change from AM General Shareholders' Meeting KT Music mission was changed to "Genie music.
KT Music gimseonguk representative "change the mission plan in earnest to expand the digital music business platform," and said, "customers will continue to grow as a challenging and innovative music companies, such as one that provides a new concept music service."
"Ginny Music" recently, LG U + target capital increase (26.7 billion won investment, 7,379 shares) is the major shareholder structure KT (ownership 42.49%), while determining, LG U + (stake 15%), SM, YG, JYP and large It will be changed to the agency (stake 7.12%). The other existing KT and LG U Plus music service business "Ginny Music" through various collaborations with participation by shareholders is expected to become more active.
Music specialized "Ginny Music" has achieved the music business B2C, B2B and promote the music business turnover last year, the content distribution business to 111.3 billion won, operating profit of 4.9 billion won in the center of the music service Genie.
The future of the 'Genie music "is Internet of Things (IoT), AI, etc. have state-of-the-art IT technology actively pursuing digital music platform business through business partnerships with national representatives carrier KT, LG U +, the major content providers, led by the domestic music market we work closely with plans to expand the music content business.
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