Mkhon Cooperative changed its name to the Korea Popular Music Industry Association (KPIA)..Appointment of Woo Seung-hyun as new chairman

*This content was translated by AI.

The Korea Music Contents Association will change the association's name to "KOREA POPMUSIC INDUSTRY ASSOCIATION (KPIA)" and take a new leap forward.

The Korea Music Contents Association announced on March 31 that it had changed the name of the association to the "Korea Popular Music Industry Association (hereinafter referred to as the Daeum Association)."

The change of the association's name was decided to clarify the nature and purpose of the association, which actually encompasses the entire Korean pop music industry, both internally and externally. In particular, the Korea Music Association emphasized the industry's representation in that its member companies are composed of companies that are in charge of the central axis from production to distribution and consumption. Furthermore, it contains the association's will to preemptively improve the business environment from an industrial point of view in the future and play a central role in protecting the rights and interests of member companies.

Through this board meeting and general meeting, the Korea Music Association appointed Chairman Woo Seung-hyun as its new chairman. In addition, former Chairman Kim Chang-hwan, who has led the association in the development of the music industry by serving as the second and third chairman since 2016, will serve as the chairman of the board of directors to help the association.

The association's name change is not just a name change, but it is intended to redefine the association's role in the changing music industry environment, said Woo Seung-hyun, the new chairman. "In the future, we will establish ourselves as an action-oriented association that structurally organizes current issues in the Korean pop music industry and leads discussions on policy and system improvement." He then expressed his ambition, saying, "As a partner worthy of the elevated status of the industry, I will actively contribute to the development of the industry."

Daeumhyup is an organization composed of members representing the Korean pop music industry, including major domestic record producers such as HYBE, JYP, SM, and YG, distributors such as Kakao Entertainment, and overseas direct distributors, and was established on December 9, 2008 with official permission from the Ministry of Culture, Sports and Tourism. The association is promoting the continuous development of the Korean pop music industry by operating circle charts, publicizing current issues in the music industry, and discussing policy and system improvement.

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*This content was translated by AI.