Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
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.
