Not to be outdone by the HYBE-MHJ drama, the SM-Kakao drama (also featuring HYBE) also resumes airing this summer season! Stay tuned for the 2-episode premiere. Only on Disney+ ***finger snap sfx***
cubsgirl101 on
Well this explains why Kakao suddenly wanted to sell off like 80% of their affiliate companies lol.
Westbrook_Y on
MHJ next
KazVanilla on
why are these people not happy with all the money they got, top 1% in the world and they still want more like damn
Bear4years on
I’m just wondering if Hybe will get some sort of restitution from this. They clearly would have become SM majority shareholder if not for Kakao market manipulation.
BTW, I’m happy Hybe bowed out because SM has issues. It’s much better for Hybe not to be involved with SM. Still it leaves a sour taste that Kakao’s illegal maneuverings allowed them to get what they wanted.
voodoodahl on
So, HYBE really should be the owner of SM right now? Wow. That’s a thing that happened.
Quick-Adeptness-2947 on
There is also reports that they will sell Kakao entertainment
purpletulip12 on
It’s never-ending drama in the K-pop world!
mikatheocelot on
It’s always something man😭😭
astrelya on
not a single boring day in the K-Pop world as long as you have these greedy people lol
mcfw31 on
Corporate drama really is something else
SoNyeoShiDude on
It’s like SM is just destined to be led by crooks.
Save the artists, their managers, and the rest of the creative team and burn the whole fucking thing to the ground.
Lighxnin- on
Kakao should be forced to sell either SM or Starship now, so HYBE can get close(r) to an IZONE reunion 🤣🤡😭
voodoodahl on
KOREABOO HEADLINE:
HYBE TO CLOSE DOWN SM. IMPRISON HARMLESS OLD MAN. ALSO, NEW JEANS.
saranghaja on
I’m sorry because this is irrelevant to the story but this picture is so funny…the photoshop is poorly done, he’s tugging at his collar like GULP GUESS I GOT CAUGHT, the fog?? Why 😭
tiredofdev on
Kakao is currently in deep trouble and they are struggling staying afloat, their share prices have fallen tragically, and are now resorting to selling their subsidiaries, including SM entertainment and Kakao entertainment.
HYBE still owns 12% of SM’s shares, so it’s definitely within the realm of possibility that they might buy out the remaining shares to secure the majority shareholder status, which would definitly be the funniest outcome after everything that transpired lmao
Curious about what happens to Kakao entertainment though. ALL of Starship artists and Kakao M artists are under Kakao entertainment, and the only other entity (aside from HYBE) that I can see has the means and interest to buy out SM would be CJ, assuming no foreign entities are involved or sovereign funds. CJ used to be the direct rivals of Kakao and I can only imagine how happy they are to see their downfall
ArekkusuRin on
This entire Hybe and SM saga would make for a banger of a KDrama lol
18 Comments
a new chapter added to the saga omg
Not to be outdone by the HYBE-MHJ drama, the SM-Kakao drama (also featuring HYBE) also resumes airing this summer season! Stay tuned for the 2-episode premiere. Only on Disney+ ***finger snap sfx***
Well this explains why Kakao suddenly wanted to sell off like 80% of their affiliate companies lol.
MHJ next
why are these people not happy with all the money they got, top 1% in the world and they still want more like damn
I’m just wondering if Hybe will get some sort of restitution from this. They clearly would have become SM majority shareholder if not for Kakao market manipulation.
BTW, I’m happy Hybe bowed out because SM has issues. It’s much better for Hybe not to be involved with SM. Still it leaves a sour taste that Kakao’s illegal maneuverings allowed them to get what they wanted.
So, HYBE really should be the owner of SM right now? Wow. That’s a thing that happened.
There is also reports that they will sell Kakao entertainment
It’s never-ending drama in the K-pop world!
It’s always something man😭😭
not a single boring day in the K-Pop world as long as you have these greedy people lol
Corporate drama really is something else
It’s like SM is just destined to be led by crooks.
Save the artists, their managers, and the rest of the creative team and burn the whole fucking thing to the ground.
Kakao should be forced to sell either SM or Starship now, so HYBE can get close(r) to an IZONE reunion 🤣🤡😭
KOREABOO HEADLINE:
HYBE TO CLOSE DOWN SM. IMPRISON HARMLESS OLD MAN. ALSO, NEW JEANS.
I’m sorry because this is irrelevant to the story but this picture is so funny…the photoshop is poorly done, he’s tugging at his collar like GULP GUESS I GOT CAUGHT, the fog?? Why 😭
Kakao is currently in deep trouble and they are struggling staying afloat, their share prices have fallen tragically, and are now resorting to selling their subsidiaries, including SM entertainment and Kakao entertainment.
HYBE still owns 12% of SM’s shares, so it’s definitely within the realm of possibility that they might buy out the remaining shares to secure the majority shareholder status, which would definitly be the funniest outcome after everything that transpired lmao
Curious about what happens to Kakao entertainment though. ALL of Starship artists and Kakao M artists are under Kakao entertainment, and the only other entity (aside from HYBE) that I can see has the means and interest to buy out SM would be CJ, assuming no foreign entities are involved or sovereign funds. CJ used to be the direct rivals of Kakao and I can only imagine how happy they are to see their downfall
This entire Hybe and SM saga would make for a banger of a KDrama lol