Share distribution SM Entertainment 2023, by shareholder
As of September 2023, South Korean conglomerate Kakao Corporation, alongside one of their subsidiaries, Kakao Entertainment, collectively owned nearly 40 percent of major music label SM Entertainment's shares, making them the first and second-largest shareholder respectively. HYBE Corporation, home to BTS and one of SM's major competitors, was the third-biggest shareholder at about 8.8 percent.