Music Business News: South Korea

HYBE HQ raided by authorities in South Korea amid insider trading investigation

HQ searched as part of investigation into alleged insider trading by a former executive

South Korea financial watchdog reportedly plans to refer HYBE’s Bang Si-hyuk to prosecutors over alleged IPO fraud

Bang Si-hyuk alleged to have misled HYBE investors in 2019

NetEase Cloud Music strikes strategic deal with South Korean entertainment company RBW

Deal marks the latest K-Pop partnership for NetEase Cloud Music

HYBE is selling its entire stake in K-Pop rival SM Entertainment to Tencent Music for nearly $180m

Tencent Music will become the second-largest shareholder in SM Entertainment

From HYBE’s reported expansion plans to Martin Lorentzon’s Spotify stock cash-outs… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

Samsung’s Harman expands audio empire with $350M Masimo deal

The deal will see Harman acquiring several audio brands including Bowers & Wilkins, Denon and Marantz

SM Entertainment revenues up 5% to $166m in Q1 2025 on music, concert growth

The South Korean entertainment giant attributed its revenue growth to increased music and concert turnover

From Spotify, Universal numbers to new management at Apple Music… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…