The Latest Breaking News from Lee Sooman

Kakao offers to buy 35% of K-pop firm SM in growing battle

South Korean technology firm Kakao has launched a tender offer to buy up to 35% of K-pop agency SM Entertainment and become its largest shareholder, escalating a battle with entertainment firm Hybe for control of the company

The Independent UK · Mar 7, 2023

Inside SM Entertainment, a K-pop succession drama is brewing between uncle and nephew who rule over music empire

A family succession drama is unfolding between K-pop's two biggest players: SM Entertainment and HYBE, the home of global phenomenon BTS.

ABC News · Mar 4, 2023

Korea’s Hybe Completes Purchase of 14.8% Stake in Rival SM

Hybe, the South Korean entertainment company behind K-pop sensation BTS, said Wednesday that it has completed its acquisition of a 14.8% stake in rival SM Entertainment, making it SM’s largest single shareholder. The acquisition was finalized even as SM Entertainment accused Hybe staging a hostile takeover to control the firm…

Asharq Al-Awsat · Feb 22, 2023