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Business Model of SM Entertainment
SM Entertainment, also known as SM Town, is a South Korean entertainment company that has been dominating the K-pop industry for over two decades. Founded in 1995 by Lee Soo-man, the company has become one of the most successful and influential music labels in Asia, producing some of the biggest names in K-pop, including BoA, TVXQ, Super Junior, Girls' Generation, SHINee, EXO, Red Velvet, NCT, and more. In this blog column, we will delve deeper into SM Entertainment's history, its business model, and the reasons behind its success. History of SM Entertainment SM Entertainment was founded in 1995 by Lee Soo-man, who is considered one of the most influential figures in the Korean entertainment industry. Before founding SM Entertainment, Lee Soo-man worked as a singer and producer, and he used his experience and connections to build his company. SM Entertainment's first artist was a solo singer named H.O.T., who quickly became a sensation in Korea. SM Entertainment continued t...
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