After passing a preliminary screening, Cube Entertainment will be listed on the Korean Securities Dealers Automated Quotations (KOSDAQ) market, an independent stock market from that of the Korean Stock Exchange, by joining hands with Woori Investment and Securities' Special Purpose Acquisition Company (SPAC) No. 2.
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On December 24, the Korea Exchange revealed that after a screening, they have approved Cube Entertainment to be listed on KOSDAQ.
Cube Entertainment co-founder and CEO Hong Seung Sung stated, "With this approval to be listed on the KOSDAQ market, we have further gained the ability to develop even stronger global content, which has been growing at an exponential rate since our 2008 establishment."
Last year, Cube Entertainment's ratio of sales to net profit was 21.1 billion won (approx. $19.2 million USD) to 1.85 billion won (approx. $1.68 million USD). Artists who are currently under Cube (not to be confused with A Cube) include Rain, 4minute, B2ST, G.NA, BTOB, and gagman Kim Gi Ri.
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