SM Entertainment Co., Ltd. (KOSDAQ : A041510) agreed to acquire additional 42% stake in Sm Brandmarketing Co., Ltd. for KRW 53.9 billion on August 10, 2023. Following this acquisition, SM Entertainment?s stake in Sm Brandmarketing will increase to 84.35%. The transaction is expected to close on August 31, 2023.

SM Entertainment Co., Ltd. (KOSDAQ:A041510) completed the acquisition of additional 42% stake in Sm Brandmarketing Co., Ltd. on August 31, 2023.