KMP Holdings (acronym for Korean Music Power; ) was a South Korean music distribution company. It was headquartered in Gangnam-gu, Seoul and was opened on March 18, 2010.
History
In March 2010, KMP Holdings was established via a joint venture between S.M., YG, JYP, Star Empire, and other companies like Media Line, CAN Entertainment and Music Factory Entertainment. KMP is the official distributor of releases from these companies (KMP stands for Korean Music Power). Its chief executive officer is songwriter-producer Kim Chang-whan, representative of Media Line.[1]
KMP Holdings encompasses many fields including: music service, digital music distribution, and TV program production. It is a service platform that works to provide a more reasonable digital music system.[2] Many believe this is held to challenge the duopoly on music distribution by Mnet Media and LOEN Entertainment.
KT Music, the music contents arm of KT Corporation