Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
Asian Stocks and Gold Rally as Investors Chase Year-End Gains Amid Dollar Weakness 
US and Japan Fast-Track $550 Billion Strategic Investment Initiative 
TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards 
Oil Prices Hold Steady in Asia as Geopolitical Tensions Support Market 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Asian Markets Rise as AI Rally Caps 2025, Gold and Silver Hit Record Highs 
Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
China Revises 2024 GDP Lower After Final Review, Eyes Growth in 2025 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index 
Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched 
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.
