SM Entertainment was established in 1995 with initial capital of 50 million won. In 2000, their shares were registered on the KOSDAQ market. Moreover, SM formed a music investment fund with about 10 billion won in 2001. This was the first of its kind in Korea. SM Entertainment's revenues grew 53% in 2011 compared to the year before. The company recorded 1686 billion won. The largest shareholder is Lee Su-man, who owns 21.50% of SM The affiliates of SM Entertainment includes SM Culture and Contents, SM Entertainment Japan Inc., Starlight, Galgali Family Entertainment, Dream Maker Entertainment Limited, SM Amusement, SM F&B Development, M Studio City, SM Brandmarketing, SM Entertainment USA Inc., and SM Krage.