The growing popularity of Korean pop in Asia, and especially in Japan, is making the fortunes of many talent scout companies, whose profits are skyrocketing.
For example, Lee Soo-man, owner and major shareholder of SM Entertainment, the company representing Girls' Generation, Super Junior and other successful youth bands, had his stake doubled in value to 165,7 billion won ( equivalent to 103 million euro) in just 12 months. Behind Lee Soo-man's back is Yang Hyun-suk, CEO of YG Entertainment which has famous artists like Big Bang and 2NE1 in its portfolio. YG Entertainment is not yet listed on the stock exchange, but its shares are traded off-market at about 47 won a share and Yang's share is around 83,8 billion won (52 million euros).
Building on the success achieved, YG Entertainment will enter the capital market by the end of the year.
http://english.chosun.com/site/data/html_dir/2011/09/22/2011092200836.html
