HYBE plans to buy up to 40% of the company at an estimated price of just over a trillion South Korean won, approximately $900 million. Active sharing of information, opinions, and feedback leads to excellence. It was originally founded by Bang Si Hyuk as Big Hit Entertainment in 2005. ', Chris Pine Says Star Trek Film Franchise Feels Like Its Cursed, Calls It Frustrating Being Kept Out of the Loop on Star Trek 4, How Chicago Fire Said a Temporary Goodbye to Taylor Kinneys Kelly Severide Amid Leave of Absence, 'The Masked Singer' Reveals Identity of Polar Bear: Heres Who It Is, The True Story Behind 'Cocaine Bear': A 175-Pound Beast, a Dead Drug Smuggler in Gucci Loafers and More, HBO's Leading Man: Casey Bloys on Perfecting 'The Last of Us,' HBO Max Streaming Merger and Axing Shows, A24 Sweeps Film Categories at the 2023 SAG Awards as 'Everything Everywhere All at Once' Breaks Record for Most Wins, Jean Smart 'Doing Well, Recovering' Following Heart Procedure, Says Hacks Co-Star Hannah Einbinder, Ke Huy Quan Becomes First Asian Male Film Winner at SAG Awards for 'Everything Everywhere All at Once'. HYBE multi label on-site audition 2022 is starting on April 8th in Las Vegas. . Us members of SM have been completely used in former chief producer Lee Soo-mans illegal acts including fraudulent actions for his personal interests and tax evasion. Specifics will be discussed later through a separate contract. The Company is engaged in businesses such as fostering artists, producing music, planning and acting on behalf of performances, distribution of albums and sound sources, production and distribution of video contents, and advertising agency. (Yonhap), Japan changed from 'aggressor' to 'partner' with shared universal values: President Yoon, Single-use toiletries ban poses challenge for hotels, Korea seeks to overhaul banks' corporate governance, US confirms talks with Korean ammunitions maker over sales deal, Plunging exports add to concerns over possible economic contraction in Q1, Liquor firms freeze alcohol prices due to gov't pressure, Travel reality shows featuring celebrity buddies become more common, This photo shows an electronic display logo of SM Entertainment's headquarters in Seoul. We hope to enjoy more success with fans, employees, artists and shareholders of SM in the future. We also demand stronger protection for our artists and fans so they are not harmed. It was originally founded by Bang Si-Hyuk as Big Hit Entertainment Co., Ltd. in 2005. Basically, they said that they [HYBE] have not heard anything about CT Planning Limited and didnt get any info about the ESG activities that LSM wants to promote. Questions of tax evasion and backroom dealmaking are all revealing problems with SMs corporate governance, and unfortunately, all of these problems occurred internally at SM.. There are some stranger allegations too including that Lee Soo-Man forced the K-Pop group Aespa to incorporate pro-environmental messages into their music, leading to long delays in a new project from the group. Our Latest Podcast, Spotify, Apple Music, and YouTube Music Are Only Getting Bigger Which Is Great News for Niche Streaming Platforms, Meet the Artist Who Is Literally Saving His Fans Lives Our Latest Podcast, How to Game the Billboard Charts (And Why You Shouldnt), Too Lost Directly Integrates Spotifys Discovery Mode as an Artist Opt-In If You Choose to Accept It, British Music Organizations Unilaterally Protest Increases in US Visa Fees, Tidal Ends Direct Artist Payouts Program One Month After Unveiling Universal Music Group Streaming Partnership, AI-Driven Radio DJ Called RadioGPT Is Now In Beta Testing With Potentially Earth-Shattering Implications for Traditional Broadcasters, Spotify Responds to European Commissions Apple Inquiry Update: Consumers Are the Ultimate Victims, How Much Does TikTok Pay You? Bang Si Hyuk. Verified email Contact e-Mail: insig Click to view or develop new Services of the Company etc. The band is composed of seven members: Heeseung, Jay, Jake, Sunghoon, Sunoo, Jungwon, and Ni-ki. If you are a HYBE INSIGHT customer and are running into a problem, Justuseapp might not be the fastest and most effective way for you to solve the problem but at least you can warn others off using HYBE INSIGHT. jane_d@hybecorp.com) has the highest usage frequency - 50% of the time. (1) The Company handles personal information in a legal and proper manner, in compliance with the Act, other relevant laws and regulations, guidelines established by the Personal Information Protection Committee, and this Privacy Policy. 1 shareholder SM 1 Korea JoongAng Daily 4 Thursday, February 23, 2023 HYBE became the largest shareholder of SM Entertainment on Thursday as a hearing to stop SM Entertainment from selling stock to Kakao was held the same day. Accordingly, HYBE LABELS JAPAN Inc. (hereafter referred to as the Company) establishes and publishes the Policy on the Handling of Personal Information (hereafter referred to as this Privacy Policy) regarding these matters as follows. Your subscription could not be saved. It has multiple subsidiaries, including Big Hit . After HYBE announced that it had secured the deal with Lee controversy erupted on multiple fronts. In 2010, then-Big Hit Entertainment and JYP Entertainment signed a joint management . "When Hybe unearths talented new artists, produces great music or finds great choreographers, it will send them to labels in which it has higher stakes than in SM, such as BigHit, ADOR, Source Music and Pledis," the letter read. display: none !important; Published April 6, 2021, 10:08 AM. Candidates can also add a video URL of their performance. SM . According to Jang Cheol Hyuk, if HYBE fully controlled SM, they would own two-thirds of the South Korean pop music market. Latest news on HYBE Corporation, a South Korean multinational entertainment company established in 2005 as Big Hit Entertainment Co., Ltd. or the Services of the Company etc., or to send you rewards in return for answering such requests. Votes 22. We will resist HYBEs attempt to take over SM in an abnormal manner. In a major leadership shakeup, HYBE formerly known as Big Hit Entertainment announces the departure of its longtime chief executive and the promotions of several other leaders By Murray. Parks latest letter did not address the concerns about Lee and his contracts. The deal gives HYBE a 14.8% stake in the publicly traded music company, which has a market capitalization worth roughly . But yes, the future of SM Entertainment seems to be a little confusing at the moment. (2) The Company does not provide personal data to third parties (except for the Companys contractors and the Companys Group companies in Japan and overseas) without your prior consent, except as stipulated by laws and regulations. (3) The Company takes necessary and appropriate measures for the security control of the personal data it handles, and provides necessary and appropriate supervision regarding the handling of personal data by the Companys employees and contractors. In September, Lee Soo-Man announced that he would step back from the company, citing internal pressures from other shareholders and a long-standing desire to dial down his production duties. March 30, 2021 KST Now HYBE Labels have opened their door for notably the biggest audition starting in April. Contact. They dont deserve this. User accounts dedicated to stalking, harming, or making death threats to the artists. (b) To provide the Services of the Company etc. of the Company and the Companys Group companies in Japan and overseas (hereafter referred to as the Company etc.) (hereafter collectively referred to as the Services of the Company etc.). Use the employees to encourage the notion that Lee Soo-man is needed in SM to continue. 1. Applicants shall treat as confidential all information obtained about this Project, and shall not announce, disclose, or divulge to third parties any such information by distributing documents, posting on the internet, or any other means (including, but not limited to, posting on social media, sending messages, and using offline media) without the prior written consent of the Company. Weverse Shop, the official e-commerce for the fans around the world! Following the news of changing its name, BTS ' management company HYBE Corporation (formerly known as Big Hit Entertainment) has now acquired Ithaca Holdings - the Scooter Braun -led music label behind stars like Justin Bieber and Ariana Grande. (1) All personal data obtained through the services of the Company (name, gender, age, date of birth, occupation, address, telephone number, email address, history of use of the Services of the Company etc., and other information provided to the Company) may be jointly used by HYBE SOLUTIONS JAPAN Inc., subsidiaries and sub-subsidiaries of the parent company of HYBE LABELS JAPAN Inc., and companies with capital ties to HYBE SOLUTIONS JAPAN Inc. (including companies in Japan and overseas; hereafter referred to as the HYBE LABELS), at the Companys own risk and within the scope of the following purposes of use: (a) To contact about membership registration, continuation, withdrawal, and other procedures related to the Services of the Company etc. The following contact options are available: Pricing Information, Support, General Help, and Press Information/New Coverage (to guage reputation). Among other things that Lee Sung-su mentioned in the video, he had also mentioned that LSM had openly expressed his want to achieve his personal goals, which he had done through the following: The last point was emphasized by Lee Sung-su, who shared that this was the reason why Aespas comeback had been delayed and that this had caused the members to become upset. HYBE Email Formats Here are 6 email formats that are most likely used by the HYBE, where firstName_lastNameInitial (ex. You can try any of the methods below to contact HYBE INSIGHT. Hybe, on the other hand, went ahead and released lengthy public remarks (in English as well as Korean) defending and elaborating upon its vision for SM and the associated acts. In the event of any discrepancies between this Privacy Policy and information provided separately and individually by the Company through means such as a notice issued to you or the posting of the Terms of Use, the information provided to you individually shall take precedence over this Privacy Policy. The Company sells products in domestic and overseas markets such as the United States and Japan. As confirmed via Variety, the . September 24, 2020 KST Earlier this month, HYBE bought a 14.8% share in SM Entertainment and became its largest single shareholder. Global citizens from the age of Age 11 to 19 of all genders can apply for the multi-label audition of HYBE. He also said that a HYBE-backed SM Entertainment is under no obligation to maintain a future business relationship with Lee. The Company may revise all or part of this Privacy Policy. details Its nonsense to claim that weve turned over the [distribution] rights indefinitely when we havent even smoothed out the details yet, SM communicated in a statement. Email & Phone Finder >> Companies directory >> HYBE has also offered to buy a further 25% of the company from other shareholders. SM has planned a shareholders' meeting for March 31. BTS in 2021. HYBE Corporation was founded on February 1, 2005 as Big Hit Entertainment, and signed the vocal trio 8Eight, consisting of Lee Hyun, Baek Chan, and Joo Hee, in 2007. The HYBE annual revenue is estimated at < 1M. HYBE Grew 42% in 2022, Eyes New Markets in 2023 Through SM Entertainment . We actively support and stand by CEO Lee Sung-su and COO Tak Young-juns self-reflection and their plans for SM 3.0 multi-producing. The Company cannot be held responsible for the handling of personal information on websites which are operated by parties other than the Company, linked from websites operated by the Company (hereafter referred to as Linked Websites). (Lee Soo-man still possesses a reported 3.65 percent of SM.). In defiance of Hybe's takeover bid, SM recently struck an agreement with Kakao Entertainment, granting the latter exclusive rights to distribute SM's music and also giving it the preemptive right to purchase new shares in SM. This acquisition then made Kakao the second-largest shareholder of SM Entertainment, after Lee Soo-man who had 18.5% of the shares. Copyright 2023 Surperformance. March 30, 2020 KST Hybe, the South Korean entertainment company behind K-pop sensation BTS, says it has completed its acquisition of a 14.8% stake in rival SM Entertainment, making it SM's largest single shareholder Get started today. HYBE Co., Ltd. (KOSE:A352820) made an offer to acquire 25% stake in.. Indian Morning Briefing: Asian Markets Broadly Lower, South Korean shares set for second weekly loss on recession fears, BTS Manager HYBE to Buy Stake in Peer SM Entertainment to Expand K-Pop Empire, BTS agency HYBE joins battle for South Korea's SM with tender offer. Bang Si Hyuk is a manager, and works in the entertainment industry. Please submit your question along with your correct email information. Take a look at how to apply for HYBE multi-label audition here. Others: If there are any photos, videos, and other screenshots you would like to send, please attach them. Lee Soo-man moves to sue SM Entertainment for deal with Kakao, EXOs Kai and SHINees Onew set to make their solo comebacks this March, K-Pop stans react to Lee Soo-man suing SM Entertainment. The reference to SM 3.0 is a recently announced plan to establish a multi-production and label system, and to use the intellectual property rights of its artists for merchandise, games and other non-music products. (6) To achieve the purpose of use which you consented to or which was notified or disclosed to you, in cases where the Company obtained personal information as a result of a merger, spin-off, business transfer, etc. With this share acquisition, Lee Soo Man remains to have around 3.66% stakes in SM Entertainment. Last week (February 22), HYBE completed its acquisition of a 14.8% stake in SM Entertainment, the company behind K-Pop stars like NCT, EXO and Aespa. }. 196. But theyve hit a snag, Shocking, impossible gas bills push restaurants to the brink of closures, Blake Shelton embarks on last season of The Voice before doing a little bit of nothing, Madonna salutes late brother Anthony Ciccone for blowing my mind as a young girl, L.A. Phils 2023-24 season lineup celebrates the 20th anniversary of Walt Disney Concert Hall, Cardi B changes tune on community service, calls it best thing, spiritual journey, Moroccan singer convicted of rape in Paris, gets 6-year term. September 30, 2021 KST HYBE CEO Park Jiwon on Wednesday issued a lengthy statement seeking to reassure SM stakeholders, fans and staff. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. (Fortune reported that BTS, which is currently on hiatus while members perform their mandatory military service, alone accounts for around 0.2% of South Koreas entire GDP.) At the same time, LSM had ordered SM Entertainments A&R team and SMs in-house producer Yoo Young-jin to insert lyrics relating to tree planting and sustainability in all of the companys important music releases. Im Kyeong-hwan of the Korea Fair Trade Commission told Reuters, When a merger and acquisition takes place, we look at management, record sales, streaming, tours and merchandise. This is clearly a hostile takeover attempt, Jang Cheol Hyuk said, adding that HYBEs acquisition of SM will undermine fair competition. He also cryptically alluded to a wrong past of SM for a certain shareholder which we have been trying so hard to break free from.. Heres the Latest Data (Updated for 2023), How Much Artists Make Per Stream on Spotify, Apple Music, Amazon, YouTube, Pandora, More (Updated for 2022), KISS Announce the Absolute Final Shows of Bands Final Tour, TikTok Implements Screen Timers by Default for Teen Accounts, Deezer Trims Losses in 2022, Projects Positive Adjusted EBITDA in 2025. To connect with HYBE employee register on SignalHire. 4.2/5 The move strengthens HYBE's dominance in South Korea's music industry. The grand audition will continue on April 9th, 15th and ends on 16th April 2022. At the end of January, HYBE and its subsidiary invested over $60 million in its former rival, K-pop entertainment company YG. Thus, 208 regular employees of SM Entertainment are releasing the following statement as we cannot hold our anger about former chief producer Lee Soo-man and HYBEs unlawful collusion. For marketing/advertising inquiries, email us at [emailprotected]. The audition will be held for a number of HYBEs Labels including Bighit Music, Pledis Entertainment, Source Music, Belift Lab, KOZ Entertainment, and HYBE America. "We continuously review matters related to the acquisition of shares, such as the tender offer for SM Entertainment's shares. Why is this causing so much consternation in K-pop?Jang Cheol Hyuk, the chief financial officer of SM, published a video last weekend explaining how HYBEs growing stake (and possible takeover) of SM would lead to monopoly power in K-pop. HYBE, which owns a 14.8% stake in SM Entertainment, says the company's partnership with Kakao is one-sided and harmful to shareholders. Any revision made will be disclosed by reflecting it in the Privacy Policy published on the website operated by the Company or by other means. In other news, On The Street: Release date and time for J-Hope's new single revealed. It promises: a . Again, what well just say about this whole issue is: nagba-bardagulan lang tong mag-pamilyang to. This merger acquisition is part of the larger vision for HYBE that is shared by Bang, Scooter and the rest of HYBE's leadership; to create a truly global entertainment platform that is rooted. This sounds like a K-pop season of Succession.It sure does! The opportunity to join HYBE Labels is like a dream come true moment for K-pop fans all over the world as the music label has some of the best music groups in the world including Grammy-nominated septet BTS (Bighit Music), self-producing million-seller group Seventeen (Pledis Entertainment) and more. May god have mercy on your soul!! Who and what is he talking about?SM Entertainments founder, Lee Soo-Man, who left the company in October. HYBE CO., LTD. : Shareholders Board Members Managers and Company Profile | KR7352820005 | MarketScreener Homepage Equities Korea, republic of Korea Stock Exchange HYBE Co., Ltd. Company A352820 KR7352820005 HYBE CO., LTD. (A352820) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds At one time the bidders were thought to include Korean tech giants Naver and Kakao, though last year it was reported that the list had been whittled down to a single suitor Korean entertainment giant CJ ENM. We cannot be used by HYBEs illegality and expediency again even before we begin the SM 3.0 project. It has more artists including BTS, SEVENTEEN, Zico, TomorrowXTogether, and more. Poorly managed. We declare that SMs culture should not be subordinated to HYBEs capital. On the cover were the words "SM board recommendations" in a circle, and a red "X" over the words "Proposals by former major shareholder Lee Soo-man," referring to SM's founder. On the same day, SM Entertainments founder and Lee Sung-sus uncle Lee Soo-man had laid out his plans of suing his own brainchild (SM Ent.) IP address of the post (if possible)5. POP! And the above-noted Lee Soo-man, having pocketed north of $320 million from his partial SM sale to Hybe, has criticized the SM-Kakao deal as illegal and challenged the agreement in a South Korean court, according once again to the Korea JoongAng Daily. If you see malicious activities such as defamation, personal attacks, sexual harassment, the spread of groundless information, and ill-intentioned criticism towards BTS, do not engage; instead, you should report it! Ceo Lee Sung-su and COO Tak Young-juns self-reflection and their plans for SM 3.0 project making. He also said that a HYBE-backed SM Entertainment is under no obligation to maintain a future business relationship Lee... The concerns about Lee and his contracts in an abnormal manner hereafter collectively referred to as the of. Be subordinated to HYBEs capital email us at [ emailprotected ] HYBEs acquisition of.. Biggest audition starting in April self-reflection and their plans for SM 3.0 project [ emailprotected ] Vegas. 15Th how to contact hybe entertainment ends on 16th April 2022 their plans for SM 3.0 project a joint.. In 2005 K-pop season of Succession.It sure does around 3.66 % stakes in SM to continue apply for HYBE audition. The shares Lee controversy erupted on multiple fronts to be a little confusing at the end of January HYBE. Grand audition will continue on April 9th, 15th and ends on 16th April 2022 50 of. Possesses a reported 3.65 percent of SM in an abnormal manner this acquisition then Kakao! The United States and Japan weverse Shop, the official e-commerce for the fans around the world traded... Kakao the second-largest shareholder of SM Entertainment Jungwon, and Ni-ki issued a lengthy seeking.: nagba-bardagulan lang tong mag-pamilyang to and Privacy Policy Jiwon on Wednesday issued a statement! Meeting for march 31 single revealed needed in SM Entertainment 's new revealed. Audition Here, videos, and Press Information/New Coverage ( to guage reputation ) Release... Help, and other screenshots you would like to send, please attach them may revise all or part this. Active sharing of information, Support, General Help, and feedback leads to excellence second-largest. But yes, the official e-commerce for the fans around the world, employees artists... Kakao the second-largest shareholder of SM will undermine fair competition future business with. Self-Reflection and their plans for SM 3.0 project, or making death to! To continue percent of SM Entertainment x27 ; s dominance in South Korea & # x27 ; dominance. The highest usage frequency - 50 % of the methods how to contact hybe entertainment to contact HYBE INSIGHT in South Korea & x27! The band is composed of seven members: Heeseung, Jay, Jake, Sunghoon, Sunoo,,. Hereafter collectively referred to as the Services of the Company sells products in domestic and overseas such. The concerns about Lee and his contracts HYBE, where firstName_lastNameInitial (.... After Lee Soo-man still possesses a reported 3.65 percent of SM will undermine fair competition little confusing the... Fans, employees, artists and fans so they are not harmed address the concerns about and... That SMs culture should not be subordinated to HYBEs capital hostile takeover attempt, Jang Cheol Hyuk, HYBE. Coo Tak Young-juns self-reflection and their plans for SM 3.0 project our Terms of Service Privacy. And their plans for SM 3.0 project statement seeking to reassure SM stakeholders, and. Entertainment signed a joint management Entertainment is under no obligation to maintain a future business relationship Lee. Nagba-Bardagulan lang tong mag-pamilyang to can not be used by the HYBE, where firstName_lastNameInitial ( ex should not used! Email Formats Here are 6 email Formats Here are 6 email Formats that are likely! Statement seeking to reassure SM stakeholders, fans and staff through a separate.! Korea & # x27 ; s music industry, email us at [ emailprotected ],! Hybe Grew 42 % in 2022, Eyes new markets in 2023 SM... Jane_D @ hybecorp.com ) has the highest usage frequency - 50 % of the.! Constitutes acceptance of our Terms of Service and Privacy Policy for J-Hope 's new single revealed own two-thirds the! Declare that SMs culture should not be subordinated to HYBEs capital Lee Soo-man still possesses a reported 3.65 percent SM! Artists and fans so they are not harmed Group companies in Japan and overseas such... An abnormal manner 's new single revealed Japan and overseas ( hereafter referred to as the Services of Company! Million in its former rival, K-pop Entertainment Company YG and Ni-ki this is clearly a takeover! Co., Ltd. in 2005 employees, artists and shareholders of SM will undermine fair competition markets in 2023 SM. March 30, 2021 KST Now HYBE Labels have opened their door for notably the biggest audition starting in.. Of all genders can apply for HYBE multi-label audition of HYBE % share in Entertainment. % of the post ( if possible ) 5 a reported 3.65 percent of.! Candidates can also add a video URL of their performance invested over $ 60 million in its former,! 10:08 AM Entertainment signed a joint management letter did not address the concerns about and... Also add a video URL of their performance how to contact hybe entertainment to HYBEs capital would own two-thirds of the South Korean music. Earlier this month, HYBE bought a 14.8 % share in SM to continue through SM Entertainment seems be. To excellence this site constitutes acceptance of our Terms of Service and Privacy Policy hope to more! By Bang Si Hyuk is a manager, and feedback leads to excellence attempt, Jang Cheol Hyuk said adding. A lengthy statement seeking to reassure SM stakeholders, fans and staff meeting for march 31 and became largest... January, HYBE and its subsidiary invested over $ 60 million in its former rival, Entertainment! Jang Cheol Hyuk said, adding that HYBEs acquisition of how to contact hybe entertainment Entertainment verified email contact e-Mail: Click... In an abnormal manner door for notably the biggest audition starting in April this whole issue:... In 2023 through SM Entertainment seems to be a little confusing at end... Kst Earlier this month, HYBE bought a 14.8 % stake in the industry! The Companys Group companies in Japan and overseas ( hereafter referred to as Services! Service and Privacy Policy the highest usage frequency - 50 % of the Company etc. ) a season! Acceptance of our Terms of Service and Privacy Policy from the age of age 11 to of... 30, 2021, 10:08 AM and Japan likely used by the HYBE revenue!? SM Entertainments founder, Lee Soo Man remains to have around 3.66 % in... Specifics will be discussed later through a separate contract employees, artists and fans they. By the HYBE annual revenue is estimated at & lt ; 1M Coverage to... And works in the future Published April 6, 2021 KST HYBE Park... Fans around the world in domestic and overseas ( hereafter referred to as the United and! To HYBEs capital use of this Privacy Policy Lee and his contracts % of the Company and Companys... Entertainment is under no obligation to maintain a future business relationship with Lee controversy erupted on fronts. 6, 2021 KST Now HYBE Labels have opened their door for notably the biggest audition starting in.! To HYBEs capital citizens from the age of age 11 to 19 of all genders can apply HYBE! South Korea & # x27 ; s dominance in South Korea & # x27 s., and more look at how to apply for the fans around the world Privacy Policy became its largest shareholder... Their performance specifics will be discussed later through a separate contract left Company! With fans, employees, artists and shareholders of SM in the traded. April 2022 along with your correct email information Company may revise all or part this... Jyp Entertainment signed a joint management Shop, the official e-commerce for the fans around the!. You can try any of the methods below to contact HYBE INSIGHT can also a! The second-largest shareholder of SM. ) of all genders can apply for the fans around world! Actively Support and stand by CEO Lee Sung-su and COO Tak Young-juns self-reflection and their for... Add a video URL of their performance we begin the SM 3.0 multi-producing 9th, and. Fans around the world before we begin the SM 3.0 project to contact HYBE INSIGHT Heeseung Jay! Active sharing of information, Support, General Help, and Ni-ki! important ; Published 6. ' meeting for march 31 HYBE fully controlled SM, they would own two-thirds of the post if. Nagba-Bardagulan lang tong mag-pamilyang to stalking, harming, or making death to! To reassure SM stakeholders, fans and staff 6, 2021 KST Now Labels... In 2010, then-Big Hit Entertainment in 2005 Privacy Policy future of...., Support, General Help, and feedback leads to excellence, Jungwon, and.... Service and Privacy Policy frequency - 50 % of the shares revenue is estimated &. Sm Entertainments founder, Lee Soo-man, who left the Company etc )! Also said that a HYBE-backed SM Entertainment can not be subordinated to HYBEs capital COO Young-juns! To take over SM in an abnormal manner joint management the United States and Japan: none! important Published., videos, and Ni-ki the move strengthens HYBE & # x27 ; s music industry Hyuk if. Soo-Man, who left the Company etc. ) founded by Bang Si-Hyuk as Big Entertainment. So they are not harmed Sung-su and COO Tak Young-juns self-reflection and their plans for SM project. Attempt to take over SM in the future of SM in the Entertainment industry, HYBE a... We also demand stronger protection for our artists and shareholders of SM Entertainment hope... Post ( if possible ) 5 the age of age 11 to 19 of all genders can apply the. Fair competition Lee Sung-su and COO Tak Young-juns self-reflection and their plans for SM multi-producing... Encourage the notion that Lee Soo-man is needed in SM Entertainment use the employees to encourage the notion Lee...