Shinsadong Tiger
On July 18, 2013, Affinity Equity Partners, through its subsidiary Star Invest Holdings Ltd., bought 52.56% of Kakao M's shares, leaving SK Group with only 15%. Five months later, Star Invest Holdings acquired RealNetworks, Inc.'s 8.83% stake in the company. The company was reorganized to include two labels: "LOEN Tree" (Jo Yeong-cheol) and "Collabodadi" (Shinsadong Tiger).