Anthropic Revenue Surge Signals Strong AI Market Momentum in 2026 
Stellantis CEO Antonio Filosa to Reveal Turnaround Strategy Focused on U.S. Sales and China Partnerships 
China Delays Pentagon Official’s Beijing Visit Amid Taiwan Arms Deal Tensions 
Marco Rubio Visits India to Rebuild U.S.-India Ties Amid Trade and Geopolitical Tensions 
SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO 
H.B. Fuller Eyes Advanced Medical Solutions in Potential £600M Takeover Deal 
Trump-China Summit Yields Limited Progress on Trade and Tech Cooperation 
Dollar Slips as Risk Appetite Grows Amid Nvidia Rally and Iran Peace Hopes 
Walmart Stock Falls Despite Strong Q1 Revenue Beat and E-Commerce Growth 
SpaceX IPO Nears as Goldman Sachs Set to Lead Historic $75 Billion Offering 
Moody’s Downgrades Mexico Credit Rating Amid Rising Debt and Fiscal Pressure 
Nvidia Beats Earnings Expectations as AI Demand Drives Record Growth 
Asian Stocks Slide Ahead of Nvidia Earnings as Tech Shares Tumble 
Australia Regulator Flags Private Credit Risks Amid Global Market Uncertainty 
Iran-U.S. Talks Continue as Strait of Hormuz and Uranium Dispute Stall Peace Efforts 
Asian Stocks Rally as Nvidia Earnings Boost Tech Shares, Samsung Jumps on Wage Deal 
Oil Prices Rebound as U.S.-Iran Talks Continue to Influence Global Crude Market 
LG Electronics and SM Entertainment are reportedly joining forces to form a new business venture. The electronics company may work with the entertainment agency to develop digitalized workouts and shows featuring health-related content.
As per the Korea Joongang Daily, LG Electronics and SM Entertainment are currently in talks for a possible joint venture, but some local media outlets published articles stating the two companies have already signed an agreement, and in fact, the business was found to have a registered address at SME’s headquarters in Seongsu-dong, Seoul.
Based on the reports, SM Entertainment and LG Electronics will introduce their new products within the first half of this year. This means that the consumers will see the products very soon.
The JV was said to have been tentatively called Fitness Candy, and each of the companies has put in ₩10 billion each to fund their new business. Apparently, this is a 50-50 joint venture.
"The two companies are in talks to set up a joint venture on healthcare content," LG Electronic’s spokesperson reportedly said on Thursday, April 14. He also declined to reveal more information by saying, "The details are not yet decided."
But while SM Entertainment and LGE have yet to reveal more information, it was reported that the new firm will be headed by sports marketing firm Galaxia SM’s chief executive officer, Shim Woo Taek.
Health care is one of the new business industries that LG Electronics has chosen to get into after permanently closing out its mobile phone business. The company is now looking at this sector as an engine for its future growth. It was only last month when it added healthcare devices to its list of products, expanding its home appliances line.
Moreover, digital content related to healthcare is popular these days so the demand for it is quite high. It is believed that the surge for such content was caused by the growth of home fitness due to the COVID-19 pandemic. Thus, LGE and SME are taking advantage of this by offering what the consumers are looking for through their new joint venture.
