SEOUL -- South Korean internet conglomerate Kakao, which acquired K-pop agency SM Entertainment earlier this year, is rushing to expand its entertainment business overseas amid dwindling earnings in its mainstay domestic advertising operations.
Media & Entertainment
South Korea's Kakao looks overseas for K-pop-fueled growth
Company's stock price down 70% from peak as ads hit a wall at home
K-pop girl group IVE, now under Kakao's umbrella, is also popular in Japan. (Photo courtesy of Starship Entertainment)
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