Despite the rarity of label crossover collaboration in K-pop, it looks like the joint venture between SM Entertainment and JYP Entertainment is happening.

A new music video teaser for the collaboration between EXO's Baekhyun and miss A's Suzy has been unveiled on the 1theK YouTube Channel. The teaser for their song "Dream" features a first listen and look at Suzy's part of the song that will be released on Jan. 7. Fans can check out the new music video teaser below.

So far, fan reactions to the teaser are mostly positive.

"This sounds like it's going to be great! I can't wait," said Chrisy K on YouTube.

According to Soompi, the collaboration between Suzy and Baekhyun was put forth by producer Park Geun Tae, who suggested that their individual talents could match well in a song. SM Entertainment and JYP Entertainment are said to have both immediately agreed to the suggested collaboration.

"Dream" is described as a combination of pop and R&B that has a unique groove and emotional tone. The lyrics tell a classic love story between a man and woman.

The collaboration song is the first musical activity for both Baekhyun and Suzy for the year of 2016. Baekhyun is fresh from EXO's release of their mini album "Sing For You" and will soon embark on the group's first ever North American tour in February. EXO will make stops in New York, Chicago, Texas, Vancouver, and Los Angeles.

Meanwhile, Suzy recently appeared in the historical Korean film "The Sound of a Flower" and is set to appear in a new drama "Recklessly Affectionate." She will star opposite Kim Woo Bin.