TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade 
Gold Prices Rebound Near Key Levels as U.S.-Iran Tensions Boost Safe-Haven Demand 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Instagram Outage Disrupts Thousands of U.S. Users 
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
SM Entertainment revealed its plan of setting up its first multi-label system to expand its business capabilities. As part of this project, the company will establish several music production lines that will allow it to deviate from the current system, where it solely relies on its founder Lee Soo Man's power and skillfulness.
As per Yonhap News Agency, SM Entertainment is aiming to improve its business competitiveness through the new multi-production system. It was the firm's co-chief executive officers, Lee Sung Soo and Tak Young Jun, who personally shared the plan via SME's own YouTube channel. They said that the venture would also be partially fulfilling its "SM 3.0" vision.
Tak said they would introduce five new production hubs in addition to multiple music labels in and out of South Korea. He said that they expect this new system to help with the expansion of SME's production capabilities while also hastening the speed of IP production by dividing up the decision-making power among the leaders of each organization.
SM Entertainment will divide and send its artists to five different production centers that will independently perform major functions including the management of artists and music production. Aside from these hubs, independent labels will be set up for artists with musical capabilities. There will also be a unit that will center on music publishing.
"The biggest changes that will come with the new system is the establishment of multi-production centers, multi labels and a subsidiary specializing in publishing music." Korea Joongang Daily quoted Lee Sung Soo as saying in the video presentation that introduced the multi-label system or SM 3.0. "We will continuously secure business competitiveness by distributing SM's production capabilities to multiple production centers and labels."
He added, "The decision-making of the new label will be entirely held by each label's representative."
Finally, fans can expect SM Entertainment to introduce a number of new talents as it expands its musical spectrum through the SM 3.0 vision. Some of the music genres that can be expected are hip-hop, ballad, and R&B.
