FNC Music building a new $9 million office building
FNC Music, the label that’s home to FT Island and CN Blue, is building a $9 million USD office building in the Chungdam-dong region in Seoul.
The construction began not too long ago, and their building is being built in the main area of Chungdam-dong.
The building will boast around 6,421 square feet, and the official value of the land alone is worth $7.1 million. The building will also stand three stories high, four if you include the basement level.
Including the value of the actual building itself, the total price of the real estate is estimated to be in the $9 million range.
The new building will be only 5-10 minutes away from the SM Entertainment building as well as the JYP Entertainment and Cube Entertainment buildings.
CEO Han Sung Ho is a singer songwriter turned producer, and established FNC Music in 2006. He has successfully debuted new idol bands such as CN Blue and FT Island, whose styles are completely different from the idols out there. These artists have been active in the music industry, promoting not only in Korea but in Japan and receiving an explosive reaction from other parts of Asia.
Although FNC Music does not have the longest history amongst entertainment labels, they are being praised as a strong and stable label in the industry. They also established their very own private music education institute, FNC Academy. They do not focus on just producing albums and managing artists, and are receiving high interest from others in the industry for going against the grain and pursuing new and different models of business.
FNC Academy is located in Hongdae and Kangnam, and the Hongdae location especially boasts large-scale facilities. They recruit the best professional coaches and continue to train their artists as well as discover and develop new rookies.