The "integrated corporation" in the world's top music market is an expansion of SM and Kakao's existing partnership.
The song debuts at the group's highest rank yet, with "New Jeans" not far behind.
"KPOP" arrives a week before Scott's Utopia livestream event at the Pyramids of Giza in Egypt.
The K-pop star announced his enlistment in a statement shared with Billboard.
The group was introduced as "the history-making queens of K-Pop."
The K-pop superstars dropped their new single on June 9.
The workers allegedly booked $173,000 on trades before news of the K-pop group's break caused the company's share price to fall 29%.
Kyle Hanagami on the power of choreo-driven groups.
"I had an epiphany: Being a frontman of a band doing rock music has been my dream all my life," says the rising artist.
Major players in both the United States and South Korea are in hot competition to create America’s first homegrown K-pop group.
