SM Entertainment

5 posts

Kakao founder faces arrest in SM share manipulation probe

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Kakao • 1 min read

Kakao founder faces arrest in SM share manipulation probe

The dramas continue following last year’s battle between Kakao and HYBE for control of SM Entertainment. HYBE accuses Kakao execs of illegal stock manipulation during the takeover battle. South Korean prosecutors now want to arrest Kakao founder Kim Beom-su in relation to those allegations…

Chris Cooke • 17 Jul 2024

Bitter dispute between members of K-pop group EXO and SM Entertainment goes legal

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SM Entertainment • 3 min read

Bitter dispute between members of K-pop group EXO and SM Entertainment goes legal

Three members of K-pop boy band EXO and SM Entertainment have been locked in a dispute since last year. Now both sides accuse the other of refusing to honour previously made financial agreements. SM sued last week, with the singers saying that they will launch their own countersuit…

Andy Malt • 17 Jun 2024

Kakao insists it isn’t selling the SM Entertainment shares it fought so hard to acquire

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SM Entertainment • 2 min read

Kakao insists it isn’t selling the SM Entertainment shares it fought so hard to acquire

There have been rumours of late that South Korean internet firm Kakao was planning on selling its controlling stake in K-pop company SM Entertainment, which it acquired last year following a bidding war with Hybe - however, both Kakao and SM have now issued statements insisting that’s not true…

Chris Cooke • 08 Feb 2024

Kakao exec indicted following the big battle with HYBE for control of SM

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Kakao • 1 min read

Kakao exec indicted following the big battle with HYBE for control of SM

The Chief Investment Officer of South Korean tech firm Kakao has been indicted over allegations he sought to artificially inflate the share price of K-pop company SM while battling with HYBE for control of that business…

Chris Cooke • 14 Nov 2023

Kakao secures controlling stake in SM Entertainment, but Hybe left with half its stock

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Hybe • 1 min read

Kakao secures controlling stake in SM Entertainment, but Hybe left with half its stock

South Korean internet firm Kakao has got itself the 40% controlling stake it wanted in K-pop powerhouse SM Entertainment. So…

Chris Cooke • 29 Mar 2023