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

[Iljin Oppa]

I knew LSM would be SM's undoing.

I've been saying for ages that they need to put that old goblin in a nursing home because he's the mastermind behind some of SM's worst decisions over the last decade.

Now it sounds like SM had the same idea of ousting him and the geriatric fartbag pathetically went crawling to his competitors that he'd talked so much smack about to throw his company under the bus.

Anyways, hopefully this means that his influence is vanquished from the company and now they're able to retain their standard of music with less of the stupid gimmicks.