Following the surprising news of�SM Entertainment�investing in company BALJUNSO to launch a subsidiary indie label, BALJUNSO responded to the concerns that cooperating with such a large entertainment company may diminish the unique color of the Korean indie scene.

SEE ALSO: SM Entertainment invests in indie label BALJUNSO to help spread non-mainstream music

BALJUNSO CEO Kang Byung Yong stated on the 26th, "We will maintain the color of the indie scene and through the support, we will create an environment in which the indie musicians will be able to promote more actively."

"We are aware of the concerns that some people may have... We will focus more on concerts rather than broadcasts. The color of the indie scene will not fade."

"It is true that a substantial number of indie musicians are pursuing music under poor conditions... We will create a system which will make it easier for them to produce and promote their albums. We will create an environment in which the indie musicians will be able to focus on their music according to their effort."

SM Entertainment and BALJUNSO will hold the 'BALJUNSO WORLD WIDE PROMOTION' event which will begin in Hongdae on March 8 at 4 PM KST and features performances by seven groups including band�HLIN, up and coming hip hop crew�Play the Siren, Love and Peace, and�015B's�Jang Ho Il�project band. The event will also be streamed live on�SMTOWN's YouTube channel,�Genie, and�USTREAM.