Established: October 1978 as an incorporation; July 7th, 1982 as a foundation/officially registered as a company.
Location: Seoul, South Korea
History of the Company: Loen Entertainment was established in 1978 by Min Yeong-Bin under the name of Seoul Records. The company is known for being a record label that has four subsidiary branches to it: MelOn DJ/BIZ, FAVE Entertainment (formerly Loen Tree), STARSHIP Entertainment, and 1theK. In addition, the company is a leading music distributor, with 93% of its profits coming from digital music sales, and another 5% of revenue coming through it’s branch, 1theK (formerly Loen Music).