SM Entertainment fans send protest trucks in front of HYBE
Some fans of artists belonging to SM Entertainment staged a truck protest in front of the HYBE office building to defend the current management.
Some SM fans protested the trucks in front of the HYBE office in Yongsan-gu, Seoul on February 27 from 10:00 am to 6:00 pm.
On February 9, HYBE signed an agreement to acquire 14.8% of SM’s 18.46% stake held by SM founder and major shareholder Lee Soo Man for 422.8 billion won, closing the transaction on February 9th from. February 22nd.
This made HYBE the largest shareholder in SM. The subject of the lyrical criticism on the truck’s electronic sign was Lee Soo Man and HYBE.
On February 27, these fans directly announced the reason for the protest to the media. They approached the commonality of loving SM artists and expressed their deep fan feelings by saying that they enjoyed SM artists’ songs from a young age.
However, when the internal dispute over SM’s management became serious, Lee Soo Man, the former general producer of SM, sold his shares to SM’s rival, HYBE. Fans criticized Lee Soo Man for ” to have been blinded by greed”.
At the same time, fans revealed that the reason for the truck’s protest was that they wanted to support it after seeing the SM 3.0 content announced by SM.
The following is a left-to-right translation of the top stories.
- “HYBE is the crazy company that spent KRW 10 trillion on Lee Soo Man’s tree planting campaign. »
- “From all SM fans who are against HYBE Monopoly: We want SM without HYBE. »
- “You should plant trees with Lee Soo Man, who is wanted by Interpol. Forget SM 3.0. »
- “HYBE, familiar with tax dodger Lee Soo Man, is dropping SM Entertainment. A monopoly would kill culture. »
- “Big K-pop genius mind your own babies. We take care of ours.
- “Don’t you dare mess with SM artists. Don’t make us curse the HYBE artists.
- “HYBE who always wants more, does not touch SM. Don’t ruin K-Pop by eating SM. »
- “HYBE, we believe in money. »
- “I brought this truck to tell you with confidence that I’m a fan of SM without Lee Soo Man. »
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