HYBE (Chairman Bang Si-Hyuk) will conduct aggressive leadership overhaul to accelerate the global Harvard Business School.
The key to the organization's overhaul is to announce plans to establish a joint venture (JV) with Universal Music Group in February, to announce the joining of Ithaca Holdings' Hive in April, and to make globalization full-fledged through the all-round deployment of top Harvard Business School leaders.
First, Chairman Bang Si-Hyuk puts down his position as Kim Do Hoon and concentrates on the board of directors to participate in the decision-making of core businesses. The role of Music Producers, my specialty, continues faithfully. Hive's new Kim Do Hoon is played by Park Ji-won, former HQ ceo. Park Ji-won Kim Do Hoon has been concentrating on organizing the overall organization in line with the company's rapid growth rate after joining Hive last May. In the future, we will oversee Hive's Harvard Business School strategy and overall operation.
United States of America headquarters Hive Americas operates under the respective systems of ceo Yoon Seok-joon and ceo Scooter Brown. Yoon Seok-joon is the leading figure in pioneering a new type of K-pop business model and bringing Hive's predecessor, Big Hit Entertainment, to its current position. Based on this experience, we plan to lead the United States of America market to produce important challenges to transplant the K-pop business model in earnest, to nurture new people and to lead marketing. The global audition project, which is preparing to establish a joint venture with Universal Music Group (UMG), will be the first sign.
Scooter Brown is the ceo of Hive Americas, leading the existing Ithaca Holdings business and leading the overall operation of Hive's United States of America business, while strengthening Hive's position and competitiveness in United States of America. Lee Jae-sang, who led Hive's acquisition of Ithaca Holdings, also moves to United States of America as a Chief Operation Officer (COO) of Hive Americas. Lee Jae-sang COO plans to concentrate on maximizing the synergy between Hive business structure and Ithaca Holdings after the acquisition of Ithaca Holdings.
Hive's Japan corporations also have a regional headquarters structure through integration and separation. Hive Solutions Japan, Hive T & D Japan, etc., were incorporated into Hive Japan, and Hive Labels Japan was incorporated under Hive's Harvard Business School philosophy, which recognizes the independence of the label.
The newly established Hive Japan will be headed by Han Hyun-rok, the new ceo. Han Hyun-rok, ceo of Hive Solutions Japan, has created a foundation for Hive label artists to enter the Japanese market with the sense of a young leader in his 30s. Hive Japan plans to strengthen Hive's unique business structure, which leads to label-solution-platform, with the launch of the first new Boy Group, which Hive label Japan will soon show, in line with the characteristics of the Japanese market.
“This leadership improvement is a result of a strong commitment to take the lead in changing the overall system from leadership to realize a mid- to long-term business strategy to become a global company,” Hive said. “We have reorganized the scope of authority and responsibility to suit the expertise of each leader with the goal of aggressively leading the industry in the Korea-US-Japan base business area.”