In February 2012, SM launched new business initiative that specializes in travel and tourism. It acquired Hawaiian travel firm 'Happy Hawaii' and renamed it "SM Town Travel." It is helmed by CEO Kang Jung Hyun and "aims to create synergies" between SM's entertainment product and travel. One of its first products was to offer special concert packages for overseas fans to attend Super Junior's Super Show 4 Tour encore concerts in Seoul in May 2012.
In 2012 Yoon In Wan, the creator of the popular comic, ‘The Blade of the Phantom Master‘, teamed up with S.M. Entertainment for a newwebtoon series titled ‘ENT.’ The webtoon released an illustration featuring Girls' Generation in cartoon form. From August 10–19 SM Entertainment held an IT exhibition, the S.M.ART EXHIBITION at the COEX Convention & Exhibition Center. SM also signed contracts with VISA & KB Card to start printing SM artist debut cards. In 2012 SM Entertainment was also accused of colluding with music distributors, but was cleared of the charge.
SM Entertainment’s broadcast sector, SM C&C (Culture and Contents), acquired Hoon Media in 2013. Hoon Media is led by Lee Hoon-hee and is the production company behind popular KBS shows 1 vs 100, Heroines 6, Qualifications of Men, and Music Bank. Hoon Media has also produced other entertainment programs on other cable channels. All corrective orders against SM Entertainment, and the lawsuit costs will be paid by the defendant.” In August 2013, S.M. Entertainment's subsidiary S.M. Culture & Contents (S.M. C&C) and Woollim Entertainment merged. The result was "Woollim Label", which was formed as an independent label within S.M. C&C. The merger is part of S.M. Entertainment's plan to be a major music company.
References
http://www.kpopstarz.com/articles/269132/20160218/smtown-sum-market.htm
https://en.wikipedia.org/wiki/S.M._Entertainment
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