Posted by starsung0 pt Thursday, February 27, 2014

BALJUNSO responds to concerns involving SM Entertainment's investment


Following the surprising news ofSM Entertainmentinvesting in company BALJUNSO to launch a subsidiary indie label, BALJUNSO responded to the concerns that cooperating with such a large entertainment company may diminish the unique color of the Korean indie scene.


BALJUNSO CEO Kang Byung Yong stated on the 26th, "We will maintain the color of the indie scene and through the support, we will create an environment in which the indie musicians will be able to promote more actively."

"We are aware of the concerns that some people may have... We will focus more on concerts rather than broadcasts. The color of the indie scene will not fade."

"It is true that a substantial number of indie musicians are pursuing music under poor conditions... We will create a system which will make it easier for them to produce and promote their albums. We will create an environment in which the indie musicians will be able to focus on their music according to their effort."

SM Entertainment and BALJUNSO will hold the 'BALJUNSO WORLD WIDE PROMOTION' event which will begin in Hongdae on March 8 at 4 PM KST and features performances by seven groups including bandHLIN, up and coming hip hop crewPlay the Siren, Love and Peace, and015B'sJang Ho Ilproject band. The event will also be streamed live onSMTOWN's YouTube channel,Genie, andUSTREAM.

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