History of the Company: The group, Shinhwa, was first established and debuted by S.M Entertainment on March 24th, 1988. In 2003, the group’s contract with SM expired and they decided to sign with Good Entertainment. On July 1st, 2011, Shinhwa established their own entertainment company to oversee the groups activities, while the individual activities of the members are overseen by their own respective agencies. Eric and Min Woo are the co-CEOs of the company while the other members are major shareholders. This made Shinhwa the first k-pop group to personally own and establish their own entertainment company.