KT Music Corporation Announces Audited Earnings Results for the Full Year Ended December 31, 2016

GENIE MUSIC CORPORATION, formerly KT Music Corporation, is a Korea-based company mainly engaged in the music business. The Company mainly operates business to consumer (B2C) business, business to business (B2B) business and contents investment distribution business. Its B2C music business provides online music download and streaming services through its music portal site, named ollehmusic, www.ollehmusic.com. Its B2B music business provides digital music services such as application service provider (ASP) and music in store services through music manager Website. It also operates music contents investment and distribution business. On June 24, 2013, the Company merged with wholly owned subsidiary, which is mainly engaged in the sound source mediation business.