C-JeS Entertainment seeks IPO

[THE INVESTOR] Talent agency C-JeS Entertainment seeks to float its shares in Seoul’s stock market next year, according to sources on Sept. 23.
The agency, which houses popular K-pop boy band JYJ and actress Hwang Jung-eum, has hired Hyundai Securities to handle the planned initial public offering.

The firm’s entire stake is owned by Back Chang-ju, the CEO of C-JeS Entertainment who established it in 2009.

Among unlisted entertainment agencies in South Korea, C-JeS posted the largest revenue last year. It logged 48.1 billion won (US$43.52 million) in revenue and 400 million won in operating profit.

By Park Han-na (hnpark@heraldcorp.com)