According to Nate News, at 5 pm on February 13, 2023, SHINee's Key conducted a live countdown one hour before the release of his second full repackage album "Killer" on SHINee's YouTube and TikTok channel. During the livestream, Key answered several questions sent in by fans via comments in real-time.
Previously, Key was known to have held his first offline concert in October last year. Related to this, a fan asked if he wanted to do an encore concert. In response, Key said, "I wish I could do that too." "Who should I ask to hold an encore concert now? I want to do it more than anyone.." The idol sighed and indirectly implied that the situation at SM was not doing well, "I don't know. Our company is in trouble." experiencing a lot of things.
" The acquisition of SM shares by HYBE is currently the biggest issue in the South Korean music industry at the moment. Before HYBE bought SM Entertainment shares owned by Lee Soo Man, it was known that Lee Soo Man was in dispute with SM Entertainment's management who had sold the company's shares to Kakao Corp without his consent.
Then the day after, on February 10 to be precise, HYBE Labels confirmed that they had acquired 14.8% of SM Entertainment's shares from Lee Soo Man at a price of 422.8 billion or around Rp. 5 trillion rupiah. After owning Lee Soo Man's shares, HYBE expressed its intention to purchase shares of small shareholders to own an additional 25% of the total shares issued to stabilize management rights.
This acquisition attempt was also opposed by the current management of SM Entertainment. Even based on an official voting conducted by SM Entertainment, there were 181 out of 213 people or around 85% of SM Entertainment's internal employees who did not approve of the takeover of company shares carried out by HYBE.
Through Key's concerned reaction, it seems that it can be seen that the conflict between HYBE and Lee Soo Man with SM Entertainment and Kakao has had a significant impact on the careers and activities of artists under SM Entertainment. What do you think about SM Entertainment's internal problems affecting their artists?
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