Genie Music Corporation (KOSDAQ:A043610) acquired 38.6% stake in Book Club Millie Co., Ltd. from Young-Taek Seo and others for KRW 46.4 billion on September 10, 2021. Young-Taek Seo stake decreased to 11.5% from 13.8% For the year 2020, Book Club Millie reported revenue of KRW 19.2 billon and operating profit of KRW 4.9 billion.

Genie Music Corporation (KOSDAQ:A043610) completed the acquisition of 38.6% stake in Book Club Millie Co., Ltd. from Young-Taek Seo and others on September 10, 2021.