Polaris (Polaris Entertainment), previously known as Ilgwang Polaris, was a South Korean record label founded in 2006.[1] It was formerly a subsidiary of Ilgwang Group, a large South Korean conglomerate whose main business is arms trade,[2][5][6] and is now a subsidiary of Levite United,[3] founded by CEO and Ilgwang Group founder Lee Kyu-tae's son Lee Jong-myung.
History
Polaris Entertainment was founded on August 21, 2006. At its founding, it was the subsidiary of Ilgwang Group, a corporation primarily dealing with arms trade. In their early years, the label managed notable artists such as Kim Bum-soo and Ivy and actors such as Oh Yoon-ah and Jung Joon