HYBE has signed an exclusive contract with Lee Sooman to acquire 14.8% (423 billion won (~$335 million USD)) of SM Entertainment

[Archer2006]

Why????? I mean they should have let Kakao buy it. That way LSM's "vision" would finally die. We all know Hybe is going to let that clown continue to run SM into the ground with his tired ideas and direction. He needs to retire and leave the company to the younger generation who understand the market and where KPOP is going. I feel so bad for SM employees who will have to suffer through his nonsense. And the fact his greedy ass set up a contract for him to get 6% in digital royalties until 2092 is despicable.