SM Entertainment is a representative entertainment company in South Korea, and has established itself as an innovative leader in the K-POP industry. Since its establishment in 1995, it has produced many influential artists and formed a global fandom. It has contributed to the spread of Korean Wave culture through its unique idol training system, global market entry strategy, and collaboration with various media.
1. History and Background of SM Entertainment
SM Entertainment was established in 1995 by Lee Soo-man, and initially gained public attention through groups such as H.O.T and S.E.S. In the 2000s, it led the international popularity of K-POP by producing successive successful groups such as TVXQ, Super Junior, and Girls' Generation. The company has established itself as an important leader in K-POP worldwide, and is expanding its influence in various entertainment fields such as music, performances, and broadcasting.
2. Unique Artist Training System
SM is famous for systematically training artists through a training system. Starting from the trainee period, they undergo a thorough preparation process through systematic education, intensive training in singing, dancing, and foreign languages. This thorough preparation process enhances the artist's professionalism and allows them to present high-level performances to the public.
Another growth factor is the introduction of 'Culture Technology (CT)'. CT is a strategy that allows them to enter overseas markets more effectively by producing content combined with local culture, and this is one of the key factors driving SM's global success.
3. Global Market Entry Strategy
SM has been aiming for global expansion from early on. TVXQ's entry into Japan was a huge success, and it played a significant role in creating a K-POP boom in the Japanese market. Since then, they have successfully formed a global fandom by expanding their territory to China, Southeast Asia, Europe, and North America. Recently, they have been developing a multinational member composition and global joint content strategy through a group called NCT, thereby opening up a wider market.
In addition, SM is strengthening its localization strategy by attracting global capital through its global network. Marketing strategies targeting global fans and various collaborative projects further strengthen the company's global presence.
4. Innovative media and technology collaboration
SM continues to provide audiovisually satisfying content through high-quality music videos and performances. For example, the live streaming platform 'Beyond LIVE' allows fans to vividly experience online performances. It is characterized by continuous innovation through communication with fans through these new platforms.
In addition, it is providing more immersive experiences to fans through content development utilizing VR (virtual reality) and AR (augmented reality) technologies. These technological innovations help SM's content reach more people around the world.