Fintech: Varo Bank triples valuation to $2.5 billion after gaining bank

VARO Entertainment: Powering K-Content's Future

Fintech: Varo Bank triples valuation to $2.5 billion after gaining bank

By  Rafaela Larson
**In the dynamic and ever-evolving landscape of the South Korean entertainment industry, a new force emerged in 2020, poised to redefine talent management and content creation: VARO Entertainment. Founded by Eom Heung-beom, a visionary and a founding member of the renowned BH Entertainment, VARO quickly established itself as a formidable player, attracting some of the biggest and most promising names in the industry.** This agency was born with a clear purpose: to deliver fresh and unique stories to the public, leveraging its expertise in discovering influential actors and its capabilities in planning and producing distinctive film and drama content. VARO Entertainment's rapid ascent is a testament to its strategic foundation and its commitment to fostering talent. From its inception, the agency has focused on creating a supportive environment for its artists while also actively engaging in the creative process of content development. This dual approach has not only attracted top-tier actors but also positioned VARO as a key contributor to the global Hallyu wave, shaping the narratives and faces that captivate audiences worldwide.

Table of Contents

Table of Contents

The Genesis of VARO Entertainment: A Legacy Reimagined

The story of VARO Entertainment is intricately linked to the journey of its founder, Eom Heung-beom. His decision to establish a new agency marked a significant moment in the industry, signaling a fresh approach to talent management and content creation. The foundation of VARO Entertainment in June 2020 was not merely the birth of another agency; it was the culmination of years of experience and a clear vision for the future of Korean entertainment.

Eom Heung-beom: The Visionary Behind VARO

Eom Heung-beom is a name synonymous with expertise and authority in the Korean entertainment scene. As a founding member of BH Entertainment, one of the most prestigious agencies in South Korea, he played a pivotal role in shaping the careers of numerous top actors. His extensive experience, deep industry connections, and keen eye for talent provided him with an unparalleled understanding of the entertainment ecosystem. When he decided to branch out and establish VARO Entertainment, it was a move that immediately garnered attention and respect. His reputation alone served as a strong foundation, attracting both seasoned professionals and promising new faces to his new venture. The philosophy behind VARO, as articulated by the agency itself, is to "present new and special stories to the public." This mission goes beyond merely managing actors; it encompasses a broader commitment to influencing the creative landscape of film and drama. Eom Heung-beom’s vision for VARO Entertainment involves not just discovering influential actors but also developing a distinct capability in planning and producing differentiated film and drama content. This holistic approach, combining talent management with content ideation and production, sets VARO apart and reflects Eom Heung-beom’s comprehensive understanding of the industry's evolving demands.

From BH Entertainment to VARO: A Strategic Transition

The transition of Eom Heung-beom from BH Entertainment to founding VARO Entertainment was a strategic move that brought with it a significant transfer of talent and expertise. Immediately following the establishment of VARO in June 2020, several prominent actors who had previously been under BH Entertainment's wing made the strategic decision to join the newly formed agency. This included Gong Seung-yeon, Byeon Woo-seok, and Park Jung-woo, who signed exclusive contracts with VARO Entertainment. This initial wave of transfers underscored the trust and loyalty that artists had in Eom Heung-beom's leadership and vision. The momentum continued later that year, with actor Jin Goo also joining VARO Entertainment in December, after his contract with BH Entertainment expired. Jin Goo's move was particularly notable as it extended a 17-year professional relationship with his manager, Eom Heung-beom, further highlighting the deep personal and professional bonds that underpin VARO's foundation. The fact that a significant portion of VARO's initial roster comprised artists from BH Entertainment, coupled with Baek Dong-jin (also from BH Entertainment) joining as a director, speaks volumes about the continuity of management philosophy and the strategic intent behind VARO's creation. This background provides VARO Entertainment with an inherent level of trustworthiness and a strong pedigree from day one.

A Stellar Roster: Nurturing Top Talent at VARO Entertainment

VARO Entertainment has rapidly built an impressive roster of actors, showcasing its ability to attract and nurture both established stars and rising talents. The agency's commitment to its artists is evident in the quality and diversity of its talent pool. Beyond the initial transfers from BH Entertainment, VARO has continued to expand its family, solidifying its position as a major player in the industry. Currently, VARO Entertainment manages a diverse group of familiar names who are making significant impacts in various K-content productions. These include: * **Gong Seung-yeon:** An actress who began her active career in 2012 and gained significant recognition through shows like "We Got Married Season 4." She has since built a strong portfolio in dramas and films. * **Byeon Woo-seok:** The agency's current most prominent rising star, whose recent surge in popularity has brought immense attention to VARO Entertainment. His journey with the agency exemplifies VARO's dedication to its artists. * **Jin Goo:** A veteran actor known for his powerful performances, who joined VARO to continue his long-standing professional relationship with Eom Heung-beom. * **Lee Yoo-mi:** An actress who has gained international acclaim for her roles in global hits, further expanding VARO's reach and influence. * **Lee Hong-nae:** Another talented actor contributing to the agency's strong lineup. * **Park Jung-woo:** One of the initial talents who moved from BH Entertainment, continuing his growth under VARO. This carefully curated roster reflects VARO's strategy of not just signing popular names, but investing in actors with significant potential and a strong work ethic. The agency aims to maximize the potential of each artist, ensuring they receive the support and opportunities necessary to thrive in a highly competitive industry.

Byeon Woo-seok: The Heartthrob and VARO's Rising Star

Among VARO Entertainment's impressive lineup, Byeon Woo-seok stands out as a true testament to the agency's ability to cultivate and support rising stars. His recent meteoric rise to fame, particularly with his role in a popular drama, has not only cemented his status as a heartthrob but also shone a significant spotlight on VARO Entertainment. His journey with the agency highlights a unique and supportive relationship between artist and management.

Beyond the Screen: VARO's Unwavering Support for Byeon Woo-seok

The relationship between Byeon Woo-seok and VARO Entertainment's CEO, Eom Heung-beom, is a remarkable example of the agency's artist-centric approach. According to Byeon Woo-seok himself, the CEO consistently shows unwavering support for the actor. This isn't just professional backing; it extends to a personal level, demonstrating a genuine care for the artist's well-being and success. Byeon Woo-seok shared a heartwarming anecdote that perfectly illustrates this bond: "The CEO of my agency also calls me Sun-jae, and said, 'Sun-jae, I love you.'" This personal touch, where the CEO adopts the character's name from Byeon Woo-seok's hit drama, signifies a deep level of engagement and affection. It reveals that Eom Heung-beom is not just a manager but a true fan and supporter, actively participating in and celebrating his artists' successes. This level of personal investment from the top management undoubtedly contributes to a strong sense of trust and loyalty within the agency. Eom Heung-beom's active participation in the "Sun-jae" craze is a public display of his continuous support for the rising actor, solidifying VARO Entertainment's image as an agency that genuinely champions its talent.

Byeon Woo-seok: A Brief Biography

Byeon Woo-seok's journey in the entertainment industry has been one of steady growth, culminating in his recent breakthrough. Born in South Korea, he initially began his career as a model, gracing numerous fashion runways and editorial shoots. His striking visuals and tall stature quickly made him a notable figure in the modeling world. Transitioning from modeling to acting, Byeon Woo-seok diligently built his filmography with various supporting roles in dramas and films, honing his craft and gaining valuable experience. His dedication and talent did not go unnoticed, and his recent leading role propelled him into the global spotlight, earning him a massive fan base and critical acclaim. He is known for his versatile acting, charming personality, and strong screen presence. His commitment to his roles and his humble demeanor have endeared him to audiences worldwide. Here's a brief overview of his personal data: | Category | Details VARO Entertainment is not just a talent agency; it's a dynamic force dedicated to revolutionizing the K-content landscape. By combining astute talent management with a strong focus on content creation, VARO is poised to leave an indelible mark on the global entertainment industry. Its commitment to unique storytelling, unwavering support for its artists, and a clear vision for the future position it as a leader in the next generation of Korean entertainment.

Frequently Asked Questions about VARO Entertainment

**Q1: Who founded VARO Entertainment and when?** A1: VARO Entertainment was founded by Eom Heung-beom in June 2020. Eom Heung-beom is a founding member of the well-known agency BH Entertainment. **Q2: What is VARO Entertainment's mission?** A2: VARO Entertainment's mission is to present new and special stories to the public. They aim to achieve this by discovering influential actors and leveraging their capabilities in planning and producing differentiated film and drama content, along with packaging talented writers and actors. **Q3: Which prominent actors are signed under VARO Entertainment?** A3: VARO Entertainment manages a roster of notable actors including Gong Seung-yeon, Byeon Woo-seok, Jin Goo, Lee Yoo-mi, Lee Hong-nae, and Park Jung-woo. **Q4: How did VARO Entertainment acquire its initial talent roster?** A4: Upon its founding, several actors previously managed by BH Entertainment, including Gong Seung-yeon, Byeon Woo-seok, and Park Jung-woo, signed exclusive contracts with VARO Entertainment. Jin Goo also joined later in 2020, continuing a long-standing relationship with Eom Heung-beom. **Q5: What is VARO Entertainment's approach to artist management, particularly with Byeon Woo-seok?** A5: VARO Entertainment is known for its strong support system for its artists. According to Byeon Woo-seok, the CEO, Eom Heung-beom, consistently shows unwavering support, even personally expressing affection and celebrating his success, as seen with the "Sun-jae" craze. **Q6: Has VARO Entertainment faced any controversies?** A6: Yes, VARO Entertainment issued a late apology regarding an incident on July 12, 2024, involving excessive and abusive security personnel hired by the company during actor Byeon Woo-seok's departure from Hong Kong, which obstructed airport use and infringed upon human rights. The agency stated they "deeply feel a moral sense of responsibility."
Fintech: Varo Bank triples valuation to $2.5 billion after gaining bank
Fintech: Varo Bank triples valuation to $2.5 billion after gaining bank

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