Imagine Asia
South Korean entertainment firm evolving from tent manufacturing to media.
Imagine Asia (Korean: 이매진아시아), previously called Wellmade Yedang, is a South Korean entertainment company founded in 1976. It works as a talent agency, television production firm, event manager, concert producer, and music publisher.
The business started out as Banpo Industries, a maker of industrial tents based in Seongnam, Gyeonggi Province. In 2000, it became Banpo Tech. Six years later, Banpo Tech merged with Star M Entertainment to form Star M, whose early actors included Shin Min-a, Jang Dong-gun, and Hyun Bin. The company went public on KOSDAQ in 2007. In 2008, it was renamed Wellmade Star M and moved its headquarters to Gangnam District, Seoul.
Wellmade Star M bought a majority stake in Dream T Entertainment in 2013. The next year, it merged with Yedang Company to create Wellmade Yedang. In 2015, it acquired 39% of YMC Entertainment, while its subsidiary Dream T Entertainment bought another 41%, giving the group an 80% majority. That same year, it also acquired Blue Star Entertainment. In March 2016, Yedang Entertainment was officially renamed Banana Culture, and Wellmade became Imagine Asia in June, though Wellmade Yedang continued as a separate company.
Imagine Asia’s subsidiaries include Dream T Entertainment, founded in 2009 by Lee Jong-suk and acquired in December 2013, which shut down in 2021. YMC Entertainment, founded in 2010 by Cho Yoo-myung, was acquired jointly with Dream T in July 2015 and closed by 2020. Blue Star Entertainment, founded by former Core Contents Media executives Byun Dong-jin and Park Chang-jae, was acquired in 2015.
The company’s divisions include Wellmade Film, a film and drama production company behind movies like *The Warrior’s Way* (2010), *The Yellow Sea* (2010), *As One* (2012), *The Show Must Go On* (2007), and *The Huntresses* (2014), as well as dramas such as *Soul Mechanic* (2020), *Doctor Prisoner* (2019), *The Third Charm* (2018), *Come and Hug Me* (2018), *Mad Dog* (2017), *Here Comes Mr Oh* (2011–2013), and *Couples Too Rosy* (2014–2015). Happy Campus Projects, led by CEO Jung Ah-reum, produced the dramas *Entertainer* (2016), *Wanted* (2016), and *Schoolgirl Detectives* (2014–2015). On Da Com, a multimedia production company, handles reality shows like *Dad!
Quick Facts
- Traded As
- 036260
- Industry
- Entertainment · Production
- Founded
- 1976 (as Banpo Industries)
- Hq Location
- 3/F Newtown Building, 113 Apgujeong-ro, Gangnam-gu, Seoul, South Korea
- Services
- Artist Management · Television Production · Film Production · Music Production
- Owner
- Chungho Comnet Co. (8.9%)
- Divisions
- Wellmade Film / Happy Campus / On Da Com
- Subsidiaries
- Dream T Entertainment (2013–2020) / Dreamcatcher Company (since 2016) / Cashmere Records (since 2014) / MLD Entertainment (since 2014) / YMC Entertainment (2015–2020) / Blue Star Entertainment
Facts from the source article.
Lore & Background
Imagine Asia began in 1976 as Banpo Industries, an industrial tent manufacturer headquartered in Seongnam, Gyeonggi Province. In 2000, it became Banpo Tech, and in 2006 merged with Star M Entertainment to become Star M, signing actors Shin Min-a, Jang Dong-gun, and Hyun Bin. The company was listed on KOSDAQ in 2007. In 2008, it renamed to Wellmade Star M and moved its headquarters to Gangnam District, Seoul.
Reader's Guide
Imagine Asia represents a notable case of corporate transformation in South Korea's entertainment industry, shifting from industrial manufacturing to talent management and media production. Its history of mergers and acquisitions—absorbing Dream T Entertainment, YMC Entertainment, and Blue Star Entertainment—illustrates the consolidation trends in K-pop and drama production. The company's subsidiaries produced films like The Warrior's Way and The Yellow Sea, and dramas such as Doctor Prisoner and Come and Hug Me. Its former roster included major stars like Ha Ji-won and Lee Jong-suk, as well as groups like C-Clown. Though many subsidiaries have since closed, Imagine Asia's evolution reflects the fluid nature of South Korean entertainment conglomerates.
Did You Know?
- Imagine Asia was originally founded in 1976 as Banpo Industries, an industrial tent manufacturer.
- In 2015, Imagine Asia and its subsidiary Dream T Entertainment together acquired 80% shares of YMC Entertainment.
- Former actors under the company include Ha Ji-won (2003–13) and Lee Jong-suk (2011–15).
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