KT Genie Music

KT Genie Music Corporation
Native name
케이티지니뮤직
Company type
Public
KRX: 043610
Industrycontents (music)
PredecessorBlue Cord Technology Co., Ltd.
(as a division)
FoundedFebruary 7, 1991 (1991-02-07)
Headquarters
6th - 8th floors L7 Hotels Gangnam Tower, 415 Teheran-ro, Samseong-dong, Gangnam-gu, Seoul
,
South Korea
Area served
worldwide
Key people
Kim Hoon-bae (CEO)[1]
Productsmusic albums, online services
Servicesproduction, distribution
OwnerKT StudioGenie: 35.97%[2][3]
CJ ENM: 15.35%
LG U+: 12.70%
ParentKT Corporation
SubsidiariesMillie's Library
Websitewww.geniemusic.co.kr

KT Genie Music (Korean: 케이티지니뮤직), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content. Its music streaming service is the second most used in South Korea with 2.5 million subscribers as of June 2018.[4][5]

History

The company's history can be traced from the music contents division of Blue Cord Technology, established in 1991. The same division then owned Muz (now Olleh Music), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.

In 2007, Blue Cord was acquired by KT Freetel, and upon merging with the former, made the music division a separate company named KTF Music. In 2009, the company was renamed as KT Music due to the merger of KTF and its parent KT Corporation.

It acquired KMP Holdings in 2012.[6][7][8][9][10][11]

Following the investment of LG Uplus, the company changed its name to Genie Music in March 2017.[12][13]

In October 2018, Genie Music and CJ ENM's CJ Digital Music merged, with Genie Music being the surviving entity and CJ ENM being the former's second largest shareholder with 15.35%.[2]

In April 2025, "Genie Music" was officially renamed "KT Genie Music".[14]。

Assets

Distribution Network

Present

Domestic

Foreign

  • ShowBT Entertainment Philippines Corp (2020–present)

Former

Domestic

Foreign

References

  1. ^ Genie Music appoints Kim Hoon-bae as new CEO Archived 2017-06-23 at the Wayback Machine (Park Soo-hyeong, ZDNet Korea, 2017-6-23)
  2. ^ a b Genie Music poses threat to Melon by acquiring CJ Digital Music Archived 2018-10-23 at the Wayback Machine (Jun Ji-hye, The Korea Times, 2018-10-09)
  3. ^ Ha-neul, Kim (July 15, 2022). "[특징주] 지니뮤직, '우영우' 훈풍에 주가 움직인다 'KT스튜디오지니 자회사'" [[Features] Genie Music, 'Woo Young-Woo' stock price moves on warm wind 'KT StudioGenie subsidiary']. NBN TV (in Korean). Archived from the original on July 15, 2022. Retrieved July 15, 2022.
  4. ^ Sohn Ji-young (April 17, 2018). "Kakao's Melon app dominates Korea's music streaming service market". The Korea Herald. Archived from the original on August 6, 2018. Retrieved November 11, 2018.
  5. ^ Son Ji-hyoung (June 24, 2018). "[Kosdaq Star] Genie Music garners investor attention on anticipated M&A". The Korea Herald. Archived from the original on November 10, 2018. Retrieved November 11, 2018.
  6. ^ "KT Music History". Archived from the original on 2016-12-28. Retrieved 2015-11-23.
  7. ^ "Blue Cord Technology History". Archived from the original on 2017-08-27. Retrieved 2015-11-23.
  8. ^ "Doremi Media History". Archived from the original on 2015-08-14. Retrieved 2015-11-23.
  9. ^ KTF acquires Blue Cord Archived 2017-08-27 at the Wayback Machine (Nam Seung-bong, Ulsan Daily Newspaper, 2007-11-14)
  10. ^ 디지털타임스 (2008-03-28). "블루코드, `KTF뮤직` 사명변경". 디지털타임스 (in Korean). Retrieved 2026-03-30.
  11. ^ "KT, KMP홀딩스 인수…"음원경쟁력 강화"". zdnet.co.kr (in Korean). 2012-11-02. Retrieved 2026-03-30.
  12. ^ LG Uplus invests in KT Music... "Strengthening the competitiveness of music platform" Archived 2017-08-09 at the Wayback Machine (Shin Min-kwan, The Chosun Ilbo, 2017-3-15)
  13. ^ Song Su-hyun (March 15, 2017). "KT, LG Uplus join hands on home IoT, AI services". The Korea Herald. Archived from the original on January 31, 2018. Retrieved January 31, 2018.
  14. ^ "변경상장(상호변경)". KRX KIND (in Korean). 2025-04-18. Retrieved 2025-11-09.
  15. ^ "Daum 원하시는 페이지를 찾을 수가 없습니다". Archived from the original on 2018-08-06. Retrieved 2018-08-06.
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