On November 10, 2021 (Wednesday), a memorandum of understanding was signed with IFEZ for mutual cooperation with the K-POP Future Entertainment City Consortium (tentative name), which consists of large domestic entertainment agencies. Large domestic agencies such as SM Entertainment Co., Ltd., JYP Entertainment Co., Ltd., and FNC Entertainment Co., Ltd. will participate in the consortium, and the mutual agreement will jointly expand infrastructure such as K-POP culture-related facilities and develop future and creative cultural projects such as various cultural events using content.