Kakao announces that it will allow SM its autonomy and independence without interfering with the Soompi agency

SM Entertainment retains its autonomy.

On March 11th, we learned that HYBE pulled out of the SM Entertainment buyout battle.

Shortly thereafter, HYBE’s competitor in this acquisition, Kakao, took the floor to issue a press release, consistent with what we have known for several months, with SM Entertainment’s desire to implement “SM 3.0”.

cocoa said: “SM Entertainment’s greatest strength and asset is its employees, artists and fans; To respect that, we will maintain the agency’s autonomous and independent operations without interference and help SM accelerate its global growth, focusing on the strategic direction in place today and supporting the company’s vision for the future, including “SM 3.0”. »

Source: ilgansports