Friday, March 27

Kakao Entertainment Leadership Change & More


Korean music and entertainment giant Kakao Entertainment announced a new leadership structure, with JungHee Ko assuming the co-CEO role alongside existing co-CEO Joseph Chang.

Ko’s CEO appointment was completed at the company’s annual shareholders’ meeting on March 25. She was elevated in part based on her “extensive knowledge and experience in developing innovative service strategies centered on platforms and AI,” according to a press release.

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“By combining Ko’s expertise with the IP, global business insights and networks of its existing co-CEO Chang, Kakao Entertainment aims to fortify its global market position,” the release adds.

In her new role, Ko will oversee Kakao’s chief platform officer (CPO) unit, which is a new division that manages the company’s platform services business. Her goal will be to innovate and enhance the company’s IP platforms, including music streaming service Melon, web novels and webtoons platform KakaoPage, and K-culture fandom platform Berriz. Prior to joining Kakao Entertainment, Ko served as head of AI group, chief strategy officer and chief service officer at Kakao Bank.

Chang will lead another new unit, the global growth center, which was established to expand Kakao’s global footprint. He aims “to further strengthen the competitiveness of the IP business by connecting the planning, production, and distribution of IP across music, story, and media,” according to the release, while developing “a portfolio of globally influential IPs through expansion and diversification.” He will also look into business opportunities, particularly as it relates to expanding Kakao’s presence in the U.S. Before joining Kakao, where he was named co-CEO in 2024, Chang was CEO of Sony Music Entertainment Korea and co-CEO of Sony Music Entertainment’s Asia hub.

“We will blend Kakao Entertainment’s IP competitiveness with our entertainment-specialized platform capabilities to create stronger synergy, thereby expanding the global fandom ecosystem of K-culture,” said Ko and Chang in a joint statement.

Kakao Entertainment is the parent company of record labels including Starship Entertainment, which boasts K-pop acts such as Monsta X and IVE on its roster, along with Antenna, Edam Entertainment and IST Entertainment. The company is also a major shareholder in SM Entertainment, with which it launched a North American division in 2023. — Chris Eggertsen

See below for the rest of this week’s industry hires, promotions and more.



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