KPOP singer Ivy has been cast as Bianca in 'Kiss Me Kate,' a musical slated for a July 9 to August 14 run at the National Theatre. Inspired by Shakespeare's 'The Taming of the Shrew,' 'Kiss Me Kate' first played in Korea in 2001 and snagged the Best Actress and Director's Awards at the 8th annual Musical Awards. As KBS World reports, the rest of the cast in this year's 'Kiss Me Kate' includes Nam Gyeong-joo, Choi Jeong-weon and Ha Ji-seung. Rehearsals begin shortly.

F.T. Island, the KPOP boy band whose name is an acronym for for Five Treasure Island, will officially debut in Japan this coming May. The band went to Japan yesterday to get ready for their new single release, 'Flower Rock,' which is scheduled to drop May 19. ALLKPOP reports the five-member band, who has been making the rounds in the indie circuits for two years, released a promo teaser on Taiwan's Channel V. Of course, netizens imediately made it avaialble on YouTube.

The 11 second teaser is available after the jump.

ALLKPOP has reported that netizens have been responding to a particular promotional poster recently found in H-Marts, a Korean grocery chain in the New York and New Jersey areas. The poster lures customers with a free album of the Wonder Girls' music if they purchase a bag of rice. Many are outraged that such a promotion is taking place in the first place since the KPOP girl group have been dominating the Asian music market. They actually interpret this poster as racist and downright humiliating. Others argue that KPOP music is not readily available in the U.S. so this type of promotion is essential. With their new English album soon to be released, it will be interesting to see how far their fame will go on this side of the globe.

The Korean Herald has reported that 20 KPOP groups and artists will be performing at the 16th Dream Concert, including Rain, Lee Hyori, the Wonder Girls, SNSD and 2PM. The Korea Entertainment Producers' Association, who is organizing the event, stated, "It...will vitalize the slumping K-pop music market and encourage Koreans to enjoy performances. The concert aims to cheer for the Korean soccer team which will participate in the 2010 World Cup." Interestingly, there are no performers from YG Entertainment at the moment, which could quickly change. Negotiations are underway.

The proceeds from the tickets, which are priced at 5,000 won apiece, will be donated to a charity. The Dream Concert will be held on May 22 at Seoul World Cup Stadium in Sangam-dong, Seoul. To buy tickets, go here.

The complete list of 20 performers at the dream concert is available after the jump.

Park Jin-Young, KPOP artist and founder of JYP Entertainment, home to KPOP hit groups Wonder Girls, 2AM and 2PM, is facing the potential loss of $3.5 million in assets to his future ex-wife, Yoon Jeong-seo, according to KBS World.

In March 2009, he announced the divorce via his website, which has yet to be finalized. When Yoon filed for division of assets last July, the amount included the $1.5 million apartment that they had shared and a $2 million property, which serves as the home of JYP Entertainment. Both properties have been seized provisionally while they wait on the court's ruling to see who will end up with what. The couple parted after 16 years of being together, 10 years of it spent in marriage.

ALLKPOP has reported that 2NISE, a new KPOP boy band released their first album, 'Why Are You Like This?' last week, and their full length music video for 'She Said,' today. The music video is shot from the point of view of a guy who begins a romantic relationship with a woman played by Yoo Sara. We follow the arc of their relationship, which gets spoiled when the woman finds another love interest. 'She Said,' which received a 19+ rating for its mature content, features Baby J from Jewelry rapping.

Check out this new group's music video after the jump.

ALLKPOP has reported that on April 19th netizens chastised the former leader of the KPOP boy band 2PM, Jay Park, for congratulating his old bandmates for the release of their new mini-album and 'Without U' music video. Jay posted a message via his YouTube with the statement, "khuns rap part is fire. 2pm 'without you' go check it out! =)" Clearly, Jay is endorsing 2PM's comeback, but that's when the floodgates opened and the comments started pouring in -- many negative towards 2PM. Jay's fans wrote, "Ugh, please don't mention 2**," "Please don't think about them anymore and think about your pride," and "I'm sorry, I hate them!!!" Korea is a country where netizen's comments can sink a career, or at least make you move to another country, which is something Jay can relate to.