SM Culture Partners

[3] By August 5, Park Joon-hyung, head of the Korea Venture Investment [ko], was recruited and joined as a director of SM Culture Partners.

[5] On March 29, 2022, Munhwa Broadcasting Corporation (MBC) announced that it would invest in Koy Labs, a Korean language education start-up, along with SM Culture Partners.

[7] An official from the company stated that they participated in investment in "anticipation of the effect of spreading the Korean language to the global market" expanding the fandom of SM's artists and communication with fans.

[9] Koy Labs intended to launch official services using the intellectual property (IP) of MBC and SM in the United States and Southeast Asian markets.

[14] On February 23, 2023, MineIs, a start-up that operates the used fashion shopping service, Charan, garnered 4.15 billion won in seed investment.

[16] On November 13, 2023, Variety Magazine reported that SM Culture Partners, along with KDDI's subsidiary Global Brain, Sfermion, Laguna Investment and Foresight Ventures, invested $8,000,000 through Series A fundraising into the South Korean record label, entertainment agency and platform company Modhaus [ko], which was founded by former SM Entertainment employee and ex-Blockberry Creative executive Jaden Byung-gi Jeong.

[19] Startups selected through the screening are provided with close accelerating programs such as market verification, mentoring, proof of concept (PoC) with SMCP and SM Entertainment, and demo days for five months, along with opportunities to draw investments of over 100 million won.