Tag: HYBE

Watch: HYBE Launches “SM With HYBE” Campaign For SM Shareholder Engagement

HYBE has announced a new campaign for the engagement of SM Entertainment shareholders. On March 2, HYBE announced the “SM with HYBE” campaign in order to share its latest business strategy and plans to prioritize shareholders of SM Entertainment (hereafter SM). According to HYBE, the campaign “is to protect shareholder value from inappropriate actions by… Continue reading Watch: HYBE Launches “SM With HYBE” Campaign For SM Shareholder Engagement

Watch: SM Entertainment Releases Video Statement Regarding Their Stance Against HYBE’s Acquisition

SM Entertainment (hereafter SM) has released a lengthy video statement regarding HYBE’s acquisition. On February 20, SM Entertainment uploaded a video to their official YouTube channel titled “The reason why SM is against HYBE’s hostile takeover,” detailing at length the reason behind their opposition against HYBE’s M&A (mergers and acquisitions). In the video, SM Entertainment… Continue reading Watch: SM Entertainment Releases Video Statement Regarding Their Stance Against HYBE’s Acquisition

HYBE And SM Entertainment Respond To Each Other’s Statements Following SM CEO Lee Sung Su’s Video

HYBE and SM Entertainment have released consecutive statements to refute the other regarding the current situation involving the two companies. Following SM CEO Lee Sung Su’s first video on February 16, HYBE released a statement with the following main points: 1. Former chief producer Lee Soo Man can work abroad for his personal producing business… Continue reading HYBE And SM Entertainment Respond To Each Other’s Statements Following SM CEO Lee Sung Su’s Video

208 SM Employees Release Collective Statement About Their Stance On The Company’s Current Situation

SM Entertainment employees has spoken up about the company’s situation with former chief producer Lee Soo Man and HYBE. On February 17, a collective of 208 employees released the following statement: Once former chief producer Lee Soo Man was in danger of having his illegal tax evading actions unveiled, he sold his shares to a… Continue reading 208 SM Employees Release Collective Statement About Their Stance On The Company’s Current Situation

BTS’s Jimin And J-Hope, NCT’s Haechan And Mark, TWICE, IVE, And More Make Donations To Turkey/Syria Earthquake Relief Efforts

More celebrities have donated to aid earthquake relief efforts in Turkey and Syria. On February 13, Community Chest of Korea announced that NCT’s Haechan had donated 100 million won (approximately $77,800) to victims of the earthquake. His donation will primarily go towards temporary shelters and also support food kits, tents, blankets, and other heating supplies.… Continue reading BTS’s Jimin And J-Hope, NCT’s Haechan And Mark, TWICE, IVE, And More Make Donations To Turkey/Syria Earthquake Relief Efforts

Breaking: HYBE Becomes Top Shareholder Of SM Ent. After Acquiring 422.8 Billion Won Stake From Lee Soo Man

It’s official: HYBE has inked a deal with SM Entertainment founder Lee Soo Man that will make it the largest shareholder of the company. On February 10, HYBE was officially confirmed to be acquiring a 14.8 percent stake of SM Entertainment from Lee Soo Man for 422.8 billion won (approximately $334.3 million). Before the deal,… Continue reading Breaking: HYBE Becomes Top Shareholder Of SM Ent. After Acquiring 422.8 Billion Won Stake From Lee Soo Man

HYBE Confirms Agency Is Considering Acquiring Shares In SM Entertainment

HYBE may be acquiring shares in SM Entertainment! On February 9, HYBE confirmed, “We are continuing to review matters related to the acquisition of shares, including a tender offer regarding SM’s shares. At the time of this statement, nothing has currently been confirmed.” HYBE added, “In the future, we will re-disclose when specific details regarding… Continue reading HYBE Confirms Agency Is Considering Acquiring Shares In SM Entertainment

HYBE Denies That Park Bo Gum Will Be Signing With The Agency

HYBE has clarified reports about Park Bo Gum. On January 25, industry representatives reported that HYBE is working on signing Park Bo Gum and is currently setting up a management team for the actor. In response to the report, a source of HYBE commented, “[The reports] are not true.” Park Bo Gum parted ways with… Continue reading HYBE Denies That Park Bo Gum Will Be Signing With The Agency

Additional Postponements And Cancellations Announced During Mourning Period Following Itaewon Tragedy

As Korea continues to observe a national mourning period following the Itaewon tragedy, more broadcasting stations, agencies, and celebrities have announced the cancellations and postponements of upcoming broadcasts and events. On October 31, SBS announced that their variety show “Same Bed Different Dreams 2” as well as their Monday-Tuesday drama “Cheer Up” would be cancelled… Continue reading Additional Postponements And Cancellations Announced During Mourning Period Following Itaewon Tragedy

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