SM Life Design Group explained

SM Life Design Group Co., Ltd.
Trade Name:SM Life Design
Native Name:에스엠라이프디자인그룹
Native Name Lang:ko
Type:Public
Location:376, Jikji-gil
Hq Location City:Paju
Hq Location Country:South Korea
Key People:Tak Young-jun (CEO)
Owner:SM Entertainment (29.30%)[1]
Parent:SM Studios

SM Life Design Group is a South Korean printing, content distribution, and production company under SM Studios, a wholly-owned subsidiary of SM Entertainment. It was originally founded in 1998 as KD Media (케이디미디어) and was acquired by FNC Entertainment as FNC Add Culture in 2016.

History

1998–2018: Establishment and acquisition by FNC Entertainment

In December 1998, KD Media was established when the lottery business was spun-off from the publishing house of the with then Korea Daily News, as it was formerly a company specialized in the printing and supplying markets. Before the spin-off, it had been spending and owing more money than is being earned for a long time, but through restructuring, it posted a net profit of 1.3 billion won in 1999, a year after its establishment, and had steadily increased its surplus. In April 2000, the company launched its video business division and has grown into one of the top three major DVD publishing companies in South Korea in three years. It had also established a one-stop system such as planning, purchasing copyrights, production, and distribution in relation to DVD business. The division had its first sales in August, earning 690 million won through distribution of its first film.[2] KD Media held a general meeting of shareholders at the KD Media headquarters in Paju-si, Gyeonggi-do on July 8, 2016 along with the proposal to change the company name to FNC Add Culture.[3] It was also announced that the largest shareholder of the company was changed from NZKD One Investment Group to FNC Entertainment and seven other members through third-party allocation with capital increase and stock transfer contract.[4]

2018–present: Acquisition by SM Entertainment and restructuring

SM Entertainment announced on the March 14, 2018 that it had acquired actor management company KeyEast and FNC Add Culture, a subsidiary of FNC Entertainment.[5] By May 18, SM secured a 31 percent stake in FNC Add Culture and changed its name to SM Life Design Group at the same time as it completed its acquisition process, with FNC becoming the second-largest shareholder with an 18 percent stake.[6] Ahn Seok-joon, who also served as the chief executive officer (CEO) of FNC, will support the business alliance linking FNC and SM based on his experience as a management advisor of SM Life Design Group.[7] Through SM Life Design Group, FNC and SM have established a family relationship and are expected to complete a "powerful" lineup by creating various business synergies in the domestic entertainment industry.[8] In addition, FNC acquired FNC Production, an entertainment production subsidiary of SM Life Design Group, and plans to continue the partnership with the media production business and its artists to carry out the drama production business.[9] At the end of March 2020, Shin Sung-bok, a business planning operator who previously worked for Samsung Life Insurance, Bokwang Investment, ISU Venture Capital, and M-Venture Investment, was appointed as the new CEO of SM Life Design group. In the industry, Shin is said to have reorganized SM Life Design Group's existing business divisions.[10]

On January 10, 2022, SM Life Design announced that the company held a shareholders' meeting to appoint Tak Young-jun, a chief marketing officer (CMO) of SM Entertainment, was appointed as an inside director in the company and took the position of CEO through a resolution of the board of directors. Former CEO Shin resigned as the company's inside director and CEO on the same day of the announcement. Additionally, the company appointed chief financial officer (CFO) Nam Hwa-min as its new inside director in addition to Tak.[11] As SM Entertainment's subsidiaries have divided roles into drama content production, such as KeyEast, and food service and subsidiary businesses, such as SM Life Design Group, the company's drama business was suspended, and its incorporation with Film Boutique was sold. With its restructuring of the business sector and suspension of drama production, SM Life Design Group instead acquired a 100% stake in Beacon Holdings, Tomatillo Korea, and MOA L&B International.[12]

Subsidiaries

Production works

Year! scope="col"
TitleNetwork
2015KBS2[13]
2016Click Your HeartMBC Every 1[14]
Becky's BackKBS2[15]
2017Band of SistersSBS TV[16]
My Only Love SongNetflix[17]
Sweet EnemySBS TV[18]
Girls' Generation 1979KBS2[19]
2018–2019The Last EmpressSBS TV[20]
2019Love As You TasteOlleh TV[21]

People

All names listed are adapted from SM Life Design Group's drama business page of its official website.[22]

Director

Screenwriters

External links

Notes and References

  1. Web site: SM LIFE DESIGN GROUP CO., LTD. (A063440). MarketScreener.
  2. Web site: Lee. Ki-hyung. September 8, 2003. ko:[종목발굴]KD미디어, 복권독점..DVD "날개". [Discovering the Game] KD Media, Lottery Exclusive..DVD "Wings". live. https://web.archive.org/web/20211117042906/https://news.naver.com/main/read.naver?mode=LSD&mid=sec&sid1=101&oid=008&aid=0000318458. November 17, 2021. November 17, 2021. Money Today. ko. Naver.
  3. Web site: Kim. Su-jung. May 24, 2016. ko:케이디미디어, 다음달 임시 주주총회 개최. KD Media, To Hold an Extraordinary General Meeting of Shareholders Next Month. live. https://web.archive.org/web/20211117140850/http://www.newsway.co.kr/news/view?tp=1&ud=2016052413475912480. November 17, 2021. November 17, 2021. News Way. ko.
  4. Web site: Lee. Ji-sook. June 8, 2016. ko:케이디미디어, 최대주주 FNC엔터 외 7명으로 변경. KD Media, The Largest Shareholder FNC Entertainment and 7 others. live. https://web.archive.org/web/20211117141426/http://www.newsprime.co.kr/news/article/?no=339519. November 17, 2021. November 17, 2021. Prime Economy. ko.
  5. Web site: Kim. Mi-ji. March 14, 2018. ko:[엑's 초점] SM, 키이스트·FNC애드컬쳐 인수…'역대급' 가수·배우·MC라인 구축. [X's Focus] SM, KeyEast·FNC Add Culture Acquisition…Establishing 'Greatest-ever' Singer·Actor·MC Line. live. https://web.archive.org/web/20180323214155/https://www.xportsnews.com/?ac=article_view&entry_id=952562. March 23, 2018. November 17, 2021. Xports News. ko.
  6. Web site: Kong. Do-yoon. May 18, 2018. ko:에스엠·에프엔씨 만나 '에스엠라이프디자인그룹' 탄생. SM·FNC Met and Created 'SM Life Design Group'. live. https://web.archive.org/web/20211204162516/https://paxnetnews.com/articles/20717. December 4, 2021. December 5, 2021. Paxnet News. ko.
  7. Web site: Kim. Eun-ae. May 18, 2018. ko:SM, FNC애드컬쳐 인수작업 완료..SM라이프디자인그룹으로 변경. SM, FNC Add Culture Acquisition Completed..Changed to SM Life Design Group. live. https://web.archive.org/web/20211204163833/http://osen.mt.co.kr/article/G1110904738. December 4, 2021. December 5, 2021. Osen. ko.
  8. Web site: Lee. A-young. May 18, 2018. ko:SM, FNC애드컬쳐 인수 완료…SM라이프디자인그룹으로 사명 변경. SM, FNC Add Culture Acceptance Completed...Renamed to SM Life Design Group. live. https://web.archive.org/web/20211204164225/https://www.xportsnews.com/?ac=article_view&entry_id=976190. December 4, 2021. December 5, 2021. Xports News. ko.
  9. Web site: Lee. Seul-bi. May 18, 2018. ko:FNC-SM 전략적 제휴, ㈜에스엠라이프디자인그룹 사명 변경. FNC-SM Strategic Alliance, Renaming to SM Life Design Group. live. https://web.archive.org/web/20211204164816/https://sports.donga.com/3/all/20180518/90142814/1. December 4, 2021. December 5, 2021. Sports Donga. ko.
  10. Web site: Cho. Young-gap. April 14, 2020. ko:SM엔터, '키이스트·SM라이프' 드라마사업 교통정리. SM Entertainment, 'KeyEast·SM Life' Drama Business Traffic Control. live. https://web.archive.org/web/20211204171029/http://www.thebell.co.kr/free/content/ArticleView.asp?key=202004101643464720105283&svccode=00&page=1&sort=thebell_check_time. December 4, 2021. December 5, 2021. The Bell. ko.
  11. Web site: Chae . Sung-oh . January 10, 2022 . ko:[오~컬쳐]탁영준 SM엔터 공동 대표, 'SM life design'도 이끈다 . [O~Culture] Tak Young-jun, Co-CEO of SM Entertainment, Will also lead 'SM life design' . live . https://web.archive.org/web/20220110094546/https://www.bloter.net/newsView/blt202201100166 . January 10, 2022 . December 22, 2022 . Bloter . ko.
  12. Web site: Cho . Young-gap . April 14, 2020 . ko:[영상콘텐츠업 리포트]SM엔터, '키이스트·SM라이프' 드라마사업 교통정리 . [Video Content Industry Report] SM Entertainment, 'KeyEast and SM Life' Drama Business Traffic Management . live . https://web.archive.org/web/20211204171029/http://www.thebell.co.kr/free/content/ArticleView.asp?key=202004101643464720105283&svccode=00&page=1&sort=thebell_check_time . December 4, 2021 . December 24, 2022 . The Bell . ko.
  13. Web site: Kim. So-yeon. April 27, 2017. ko:YG까지 합류, SM·JYP·YG 3사 모두 드라마 제작 착수. YG Joined, SM·JYP·YG All 3 Started Producing Dramas. live. https://web.archive.org/web/20170427091420/http://enter.etoday.co.kr/view/news_view.php?varAtcId=105309. April 27, 2017. November 17, 2021. Biz Entertainment. ko.
  14. Web site: Choi. Doo-sun. October 13, 2016. ko:FNC애드컬쳐, 드라마 '마이 온리 러브송' 28억 규모 中 공급계약. FNC Add Culture, To Supply 2.8 Billion Won Worth of Drama 'My Only Love Song'. live. https://web.archive.org/web/20211117021956/http://enter.etoday.co.kr/view/news_view.php?varAtcId=80705. November 17, 2021. November 17, 2021. Biz Entertainment. ko.
  15. Web site: Yoo. Eun-young. May 29, 2017. ko:[이슈S] 공격적으로 몸집 키우는 FNC애드컬쳐. [Issue S] Aggressive FNC Add Culture to Grow Big. live. https://web.archive.org/web/20211117022212/https://www.spotvnews.co.kr/?mod=news&act=articleView&idxno=137430. November 17, 2021. November 17, 2021. SPOTV News. ko.
  16. Web site: Kim. Joo-ae. February 15, 2017. ko:'언니는 살아있다' 측 "조보아, 출연 확정 NO…후보 중 한 명". 'Band of Sisters' Side "Jo Bo-ah, Confirmed to Appear NO…One of the Candidates". live. https://web.archive.org/web/20211117022547/https://www.xportsnews.com/?ac=article_view&entry_id=820526. November 17, 2021. November 17, 2021. Xports News. ko.
  17. Web site: Lee. Min-ji. September 20, 2016. ko:이종현-공승연 '우결' 하차 1년만 드라마서 재회. Lee Jong-hyun-Gong Seung-yeon were Reunited in the Drama for Only 1 Year After Dropping Out of 'We Got Married'. live. https://web.archive.org/web/20211117024828/https://www.newsen.com/news_view.php?uid=201609200803442410. November 17, 2021. November 17, 2021. Newsen. ko.
  18. Web site: Kim. Na-young. May 15, 2017. ko:이보희×김희정, SBS '달콤한 원수' 출연 확정. Lee Bo-hee x Kim Hee-jung, Confirmed to Appear on SBS's 'Sweet Enemy'. live. https://web.archive.org/web/20211117030108/http://stoo.asiae.co.kr/article.php?aid=37380345727. November 17, 2021. November 17, 2021. Sports Today. ko.
  19. Web site: Lee. Jung-hyuk. August 9, 2017. ko:[엔터비즈]FNC애드컬쳐, 올 상반기 전년 동기대비 매출액 162%, 영업이익 234% 상승. [Entertainment Biz] FNC Add Culture, Saw Its Sales Rise of 162% Year-on-year, Operating Profit Rise of 234% in the First Half of This Year. live. https://web.archive.org/web/20211117030451/https://sports.chosun.com/news/ntype.htm?id=201708100100087120006167&servicedate=20170809. November 17, 2021. November 17, 2021. Sports Chosun. ko.
  20. Web site: Ko. Seung-ah. October 16, 2018. '황후의 품격' 장나라-최진혁-신성록-신은경-이엘리야, 열정 충만 첫 대본리딩. ko:'황후의 품격' 장나라-최진혁-신성록-신은경-이엘리야, 열정 충만 첫 대본리딩. 'The Last Empress' Jang Na-ra-Choi Jin-hyuk-Shin Sung-rok-Shin Eun-kyung-Lee Elijah, First Script Reading Full of Passion. live. https://web.archive.org/web/20211113065014/http://biz.heraldcorp.com/view.php?ud=201810161523552085222_1. November 13, 2021. November 17, 2021. Herald Pop. ko.
  21. Web site: Kwon. Joon-woo. June 2, 2019. ko:[U~스타트업] 100만원 투자 웹드라마제작소 '밤부네트워크' 업계 5위 점프. [U~Startup] Jump to 5th Place in 'Bamboo Network', A Web Drama Production Company with an Investment of 1 Million Won. live. https://web.archive.org/web/20211117031516/https://www.yna.co.kr/view/AKR20190531130100061?input=1195m. November 17, 2021. November 17, 2021. Yonhap News Agency. ko.
  22. Web site: ko:에스엠라이프디자인그룹 – 드라마사업. SM Life Design Group – Drama Business. live. https://web.archive.org/web/20211205062630/http://www.smlifedesign.com/bbs/board.php?bo_table=Portfolio&wr_id=1. December 5, 2021. December 5, 2021. SM Life Design Group. ko.

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