Melon (online music service)

[2] Melon is South Korea's largest music subscription service, with over 28 million users.

[6] In October 2008, SK Telecom transferred the majority of Melon's stock to its shareholder Loen Entertainment for approximately 24.3 billion KRW.

[7] In July 2013, SK Planet, a subsidiary of SK Telecom, sold 52.56% of its stake in Loen Entertainment to Star Invest Holdings Limited, a subsidiary of Affinity Equity Partners, a Hong Kong-based private equity firm.

[8] Later in January 2016, Kakao acquired a 76.4% stake in the company for 1.87 trillion won (approximately $1.64 billion).

[51] Ilgan Sports ranked Melon as the 3rd most influential entity in the K-pop industry in a November 2013 poll in celebration of its 44th anniversary.

A screenshot of Red Velvet performing Russian Roulette on the SBS program Inkigayo on September 11, 2016, showing the introduction ticker for the song. The ticker shows the highlighting of Melon as a main sponsor for the said program. (from the official SBS Inkigayo YouTube account [ 14 ] )