|Public joint-stock company|
|Traded as||KRX: 043610|
|Predecessor||Blue Cord Technology Co., Ltd.|
(as a division)
|Founded||February 7, 1991|
|Headquarters||Yeongdong-daero 106-gil 17, Samseong-dong, Gangnam-gu, Seoul, South Korea|
|Kim Hoon-bae (CEO)|
|Products||music albums, online services|
|Owner||As of October 10, 2018:|
KT Corporation: 35.97%
CJ ENM: 15.35%
LG U+: 12.70%
Genie Music (Hangul: ?), a subsidiary of KT Corporation, is a South Korean company that specializes in the production and distribution of music content. Its music streaming service is the the second most used in South Korea with 2.5 million subscribers as of June 2018.
The company's history can be traced from the music contents division of Blue Cord Technology, established in 1991. The same division then owned Muz (now Olleh Music), one of the major music portals in the country. The division was also strengthened by the acquisition of Doremi Media (one of South Korea's well-known music publishers) in 2000.
In 2007, Blue Cord was acquired by KT Freetel, and upon merging with the former, made the music division a separate company named KTF Music. In 2009, the company was renamed as KT Music due to the merger of KTF and its parent KT Corporation.