2013: Woollim Label
In August 2013, S.M. Entertainment's subsidiary S.M. Culture & Contents (S.M. C&C) and Woollim Entertainment merged. The result is "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.
S.M. stated, "S.M. Entertainment will run Woollim Label's global music distribution and additional businesses while S.M. C&C will take charge of the label's functions. In terms of business structure and scale, we will acquire international competitiveness and will stand as Asia's premier music group which can compete with global major music groups. We will take our place as the first global major music group in Korea.