SM Entertainment will be taking strict action against sasaengs (those who stalk or severely invade the privacy of public figures). On July 16, the agency released the following statement: This is SM Entertainment. As there have been continuous illegal actions including severe invasion of privacy and defamation of our artists, this is the company’s statement regarding… Continue reading SM Entertainment Announces Plans For Strong Legal Action Against Sasaengs
Tag: SM Entertainment
Watch: NCT’s Sungchan And aespa’s Winter Star In Kangta’s “Free To Fly” Remake MV For SM Remastering Project
Updated July 14 KST: Kangta has released the remake of his group H.O.T.’s “Free to fly” for their 25th anniversary! In addition to the song being sung anew, the music video has also been remastered through the SM Remastering Project and now stars aespa’s Winter and NCT’s Sungchan. Check out the music video below! Original Article: SM Entertainment… Continue reading Watch: NCT’s Sungchan And aespa’s Winter Star In Kangta’s “Free To Fly” Remake MV For SM Remastering Project
SM Entertainment And JYP Entertainment To Work Together On Global Mobile Platform
SM Entertainment and JYP Entertainment are joining hands in the development of the global mobile platform “DearU bubble.” JYP Entertainment has acquired a 23.3 percent stake in the company DearU, which is owned by SM Entertainment’s subsidiary, SM Studios. With this investment, SM intends to strengthen cooperative ties with JYP in the synergistic development of “DearU… Continue reading SM Entertainment And JYP Entertainment To Work Together On Global Mobile Platform
Korea Exchange Relegates SM And YG Entertainment From Blue-Chip Companies To Mid-Sized Businesses
SM Entertainment and YG Entertainment are no longer considered blue-chip companies under the Korea Exchange’s classification system. On May 4, according to the Financial Supervisory Service’s Electronic Disclosure System, the Korea Exchange had demoted SM Entertainment and YG Entertainment from blue-chip companies to mid-sized businesses the day before. This is SM’s first relegation in its status since it moved from a… Continue reading Korea Exchange Relegates SM And YG Entertainment From Blue-Chip Companies To Mid-Sized Businesses
SM Entertainment Partners With MGM Television To Launch American Competition Show For New NCT Sub-Unit
SM Entertainment is partnering with MGM Television to launch a U.S.-based sub-unit of NCT! On May 6, American media outlets The Hollywood Reporter and Deadline reported that SM Entertainment and MGM Worldwide Television Group had partnered to create a K-pop audition program in the United States. The program’s goal is to launch a K-pop group… Continue reading SM Entertainment Partners With MGM Television To Launch American Competition Show For New NCT Sub-Unit
SM Entertainment Confirms Disciplinary Action Against Employee Who Snuck Wife’s Lyrics Into Songs By EXO, BoA, And More
On May 6, SM Entertainment confirmed that an employee in charge of artists and repertoire (A&R) was punished for sneaking his wife’s lyrics into SM artists’ songs. The employee had included these lyrics in 15 songs by EXO, BoA, Baekhyun, and EXO-CBX, without the agency’s knowledge. An agency representative shared, “Recently, we confirmed the employee’s… Continue reading SM Entertainment Confirms Disciplinary Action Against Employee Who Snuck Wife’s Lyrics Into Songs By EXO, BoA, And More
SM Entertainment Reorganizes Subsidiaries + Establishes SM Studios
SM Entertainment has restructured its system for subsidiary companies. On April 5, SM announced the establishment of a new subsidiary company, SM Studios, which is wholly owned by SM Entertainment. All of SM’s shares in SM C&C, KeyEast, SM Life Design Group, DEAR U, and Mystic Story will be invested in kind to SM Studios. SM Culture & Contents (SM… Continue reading SM Entertainment Reorganizes Subsidiaries + Establishes SM Studios
SM Entertainment Donates Proceeds From EXO And Yoo Jae Suk’s Collab Track “Dancing King” To Meaningful Cause
SM Entertainment is donating the proceeds from the 2016 SM Station collaboration track “Dancing King” by EXO and Yoo Jae Suk of “Infinite Challenge”! On March 17, the agency donated 32 million won (approximately $28,500) from the “Dancing King” proceeds to The Beautiful Foundation to help young adults leaving institutional care become self-supporting. Since 2017,… Continue reading SM Entertainment Donates Proceeds From EXO And Yoo Jae Suk’s Collab Track “Dancing King” To Meaningful Cause
Update: TVXQ’s Yunho Investigated For Violating Social Distancing Regulations + SM And Yunho Issue Apologies
Updated March 10 KST: TVXQ’s Yunho has now personally apologized on Instagram after violating COVID-19 social distancing regulations. He wrote: Hello. This is Jung Yunho. I apologize. I greatly disappointed the people who have believed in me and supported me. Above all, I am very sorry to the healthcare workers who are working hard and… Continue reading Update: TVXQ’s Yunho Investigated For Violating Social Distancing Regulations + SM And Yunho Issue Apologies
SM Entertainment Ordered To Pay 20.2 Billion Won Following Tax Investigation
SM Entertainment has been ordered to pay 20.2 billion won (approximately $18 million) after a tax investigation by the National Tax Service Seoul Regional Tax Office. It was previously reported that the fourth investigation bureau of the Seoul Regional Tax Office had carried out a tax investigation of SM Entertainment and executive producer Lee Soo Man.… Continue reading SM Entertainment Ordered To Pay 20.2 Billion Won Following Tax Investigation