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SM C&C and Samhwa Networks sign MoU to advance into Chinese video content market

Posted by starsung89 pts Tuesday, April 29, 2014
misc.
SM C&C and drama production company Samhwa Networks signed a memorandum of understanding (MoU) to advance into the Chinese video content market.


SEE ALSO: Actress Seo Yoo Jung opens up about her divorce, says "On TV, we looked like a picture-perfect couple..."


SM C&C stated on April 29, "Through this memorandum of understanding (MoU), SM C&C and Samhwa Networks will utilize both parties' writers and copyrights of original productions, production labor force, and business networks in China to target the Chinese drama and video content market together."


According to SM C&C, SM C&C and Samhwa Networks both acquired 2 billion KRW ($1.9 million USD) worth of each others' stock with SM C&C acquiring 1.66% (709,291 shares) and Samhwa Networks acquiring 0.76% (511,508 shares).

  1. misc.
  2. SM CC
  3. SM ENTERTAINMENT
  4. SAMHWA NETWORKS
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