On August 1, 2018, the company changed its corporate name to KakaoPage Corp. Seoul Records, Inc. was established in October 1978 by Min Young-bin [ko], the founder of South Korea's leading educational company YBM Group [ko] (formerly Sisa English).
In 2005, the company was acquired by SK Telecom and relaunched as LOEN Entertainment, Inc. three years later, before being sold to Star Invest Holdings (a subsidiary of Affinity Equity Partners).
[6] It was seen as an action by their parent company against US-based Google’s new policy for its app market place users, which would've affected Kakao M, which KakaoTV platform was starting to become popular in South Korea.
The merger was completed on March 1, and Kakao Entertainment was formally founded a day later.
On July 15, it was announced that Kakao Entertainment and Melon Company would be merging, with the merger expected to be complete in September 2021.