SM Culture & Contents Co., Ltd. completed the acquisition of advertisement business from SK Planet Co., Ltd.
October 23, 2017
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SM Culture & Contents Co., Ltd. (KOSDAQ:A048550) agreed to acquire advertisement business from SK Planet Co., Ltd. for KRW 66 billion on July 17, 2017. In related transaction, SK Telecom Co., Ltd. will buy stock in SM Culture & Contents Co., Ltd. SM Culture & Contents Co., Ltd. will finance the transaction with the proceeds from the stock sale to SK Telecom.
SM Culture & Contents Co., Ltd. (KOSDAQ:A048550) completed the acquisition of advertisement business from SK Planet Co., Ltd. on October 24, 2017.
SM Culture & Contents Co., Ltd., formerly BT&I Travel Group.,Inc., is a Korea-based company engaged in the provision of travel management services. The Company provides meeting, incentive, convention and exhibition (MICE) tour services for corporations; online tour services through www.tourexpress.com, including air tickets and hotels reservation and individual travel scheduling services, as well as advertising services, and travel information services. On May 21, 2013, the Company merged with a Korea-based company, mainly engaged in the program producing business. On October 15, 2013, it merged with Woollim Entertainment Co Ltd, a Seoul-based manufacturer of music records.