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Spackman takes majority stake in Korean talent management firm UAA

South Korean actress Song Hye Kyo wearing a tweed dress and jacket from Chanel to the brand’s Little Black Jacket Exhibition at the ArtScience Museum in Singapore on Nov 8 2013.

KOREAN media company Spackman Entertainment Group said on Friday it has acquired a majority stake in UAA Korea Co, a Korean talent management company that manages artistes such as Song Hye-kyo.

Its wholly owned subsidiary, Spackman Entertainment Group (HK) Limited, had on Dec 31, 2014, exercised its convertible notes of UAA for US$2 million, giving it a 51.36 per cent stake in UAA.

This follows UAA's merger with United Pictures Co, a film presenter and distributor in Korea.