Republic of Korea: Korean Fair Trade Commission investigation into Kakao Mobility acquisition of stake in SM Entertainment

Progress

Current status
under deliberation
26 Apr 2023 under deliberation

Scope

Implementers
Republic of Korea
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
streaming service provider
Government Branch
executive
Government Body
competition authority
Implementation Level
national

Timeline of events

26 Apr 2023
under deliberation

Announced Korean Fair Trade Commission investigation into Kakao Mobility acquisition of stake in SM Entertainment

On 26 April 2023, the Korean Fair Trade Commission (FTC) initiated an investigation into Kakao’s acquisition of 39.87% participation in SM Entertainment, a K-pop agency that produces albums. In particular, the FTC will review the impact of the verti…

Source
Event type investigation
Action type announcement
Government branch executive
Government body competition authority