SM Entertainment Co., Ltd. (SM엔터테인먼트) is a South Korean multinational entertainment agency established in 1995 by record executive and record producer Lee Soo-man. It is one of South Korea's largest entertainment companies and has been responsible for fostering and popularizing the careers of many K-pop stars garnering huge global fanbases. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. SM Entertainment is known for having led the worldwide K-pop phenomenon and the musical side of "Hallyu", also known as the "Korean Wave", with early overseas successes such as H.O.T., S.E.S. and BoA. The label currently represents K-pop artists such as Kangta, BoA, TVXQ, Super Junior, Girls' Generation, J-Min, Shinee, Zhou Mi, Exo, Red Velvet, NCT, WayV, SuperM, Aespa and Got the Beat, and has previously represented Hyun Jin-Young, H.O.T., S.E.S., Shinhwa, Fly to the Sky, The Grace, f(x) and Henry Lau. It also manages actors, including Lee Jae-ryong, Yoo Ho-jeong, Cho Jun-young and previously represented Lee Yeon-hee, Go Ara. In Japan, SM co-publishes Avex Trax releases for artists including Ayumi Hamasaki, Namie Amuro, and Koda Kumi, as well as Johnny's Entertainment artists such as Arashi and KAT-TUN. After graduating from California State University, Northridge in the United States, Lee Soo-man returned to Korea and in 1989 established what was then known as "SM Studio" in the Apgujeong neighborhood of Gangnam, Seoul and signed singer Hyun Jin-young. During the 1990s, SM Studio developed an in-house system that looked after all aspects of its artists' careers. Lee's approach was targeted at teenage audiences, and took a holistic view of the qualities needed to become a successful entertainer. In February 1995, the company changed its name to SM Entertainment and set up its capital fund. SM then developed an in-house production system and created a string of successful artists, including boy band H.O.T. in 1996, girl group S.