Big news is shaking up the K-entertainment world—Kakao Entertainment, home to top stars like IU and Yoo Jae Suk, might be up for sale!

On April 9, Kakao officially responded to the rumors, saying, “To improve the overall value of the Kakao group and help Kakao Entertainment continue to grow, we are reviewing various options with other shareholders. However, nothing has been decided yet.”

They added, “We will share more once something is confirmed, or within one month.”

Kakao currently owns about 66% of Kakao Entertainment, making it the largest shareholder.

Earlier reports claimed that Kakao had sent letters to major investors, including Anchor Equity Partners, Saudi Arabia’s Public Investment Fund (PIF), and Singapore’s GIC, saying they were open to selling.

Kakao Entertainment is estimated to be worth around 11 trillion KRW (about $8 billion USD), and the possible sale has fans and industry insiders wondering what could happen next.

Kakao Entertainment is a major player in the Korean entertainment world. It owns popular platforms like Melon, Kakao Webtoon, and Kakao Page. On top of that, it also manages several well-known entertainment labels such as:

• EDAM Entertainment – home to IU
• Antenna – home to Yoo Jae Suk and Yoo Hee Yeol
• Starship Entertainment – home to IVE
• BH Entertainment – home to Lee Byung Hun

With so many big names under one roof, fans are keeping a close eye on what comes next. While nothing is confirmed yet, the idea of Kakao Entertainment being sold is already sparking major buzz across the industry.

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Actress Jo Hye Jung is making headlines for her glowing appearance at the Cannes International Series Festival, where she proudly walked the pink carpet for her drama Fasting Love.

Fasting Love, directed by Jo Chang Geun and produced by Film Company Now, is a romantic comedy about Ji Soo, a girl who wants to become a singer. To get ready for her audition, she enters a fasting center – and Jo Hye Jung plays the lead role of Ji Soo, a virtual singer chasing her dreams.

At the festival, Jo Hye Jung wowed the crowd with her elegant look and confident presence. Reporters and fans from all over the world couldn’t take their eyes off her as she greeted them on the iconic pink carpet.

During the official screening of Fasting Love, Jo Hye Jung’s emotional performance earned big applause from the audience. People praised how well she brought her character to life, and many were touched by her acting.

What really surprised everyone was her fluent English during interviews – and she even greeted fans in French! Her sweet and respectful attitude made a big impression, especially among teenagers and people in their 20s. After the screening, she took time to meet fans, sign autographs, and take selfies.

Jo Hye Jung shared her excitement, saying, “Being invited to the Cannes Series Festival feels like a dream. I’m so happy that I couldn’t even sleep. I’m honored and happy to share our special story with everyone.”

The Cannes International Series Festival, which started in 2018, celebrates top dramas and series from all over the world, focusing on both popularity and artistic value.

Since showing Fasting Love at Cannes, Jo Hye Jung has been staying connected with fans through her YouTube channel, sharing updates about her recent activities and behind-the-scenes stories.

Fans are now cheering her on not just as Jo Jae Hyun’s daughter, but as a talented actress in her own spotlight!

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