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Activist investor triggers real-life K-pop industry drama

K-pop powerhouse Hybe, owner of global megastars BTS, has suffered a major setback in its bid to acquire a controlling stake in rival SM Entertainment, the...

K-pop powerhouse Hybe, owner of global megastars BTS, has suffered a major setback in its bid to acquire a controlling stake in rival SM Entertainment, the...

In a rare event that happens every decade or so, a war is being waged around SM Entertainment, one of the most successful entertainment companies in South Korea, which manages several world-famous K-pop groups. This time, the struggle for management control is between Kakao, the internet conglomerate, and HYBE, another K-pop company that has the ridiculously popular group BTS on its roster. The tussle is over the controlling stake of SM held by its founder, Lee Soo-man, and is challenged by a co...

HYBE became the largest shareholder of SM after acquiring a 14.8% stake this month.

Korean music megacorporation Hybe, owner of boyband phenomenon BTS, has caught the eye of South Korean regulators following its 13% stake acquisition of...

SEOUL— As the company behind K-pop royalty BTS seeks to build a big stake in a prominent rival for close to $900 million, a vocal activist fund is playing

SEOUL--As the company behind K-pop royalty BTS seeks to build a big stake in a prominent rival for close to $900 million, a vocal activist fund is playing a leading role in the target’s all-out efforts to stay independent.

By Hyunsu Yim and Joyce Lee SEOUL (Reuters) - As the company behind K-pop royalty BTS seeks to build a big stake in a prominent rival for close to $90...

As the company behind K-pop royalty BTS seeks to build a big stake in a prominent rival for close to $900 million, a vocal activist fund is playing a leading role in the targets all-out efforts to