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SM Entertainment stock soars on breakup with founder Lee Soo-man - Vimarsana News

SM Entertainment stock soars on breakup with founder Lee Soo-man

SM Entertainment's stock price skyrocketed by more than 18 percent, Friday, on its announcement that the K-pop company will terminate a seemingly “bizarre” contract at the end of this year, through which it has paid tens of billions of won annually to Like Planning, a private firm wholly owned by its founder Lee Soo-man. “Our company received an intention for early termination of the producing contract from Like Planning and is currently reviewing the proposal. If the matter is confirmed through the board's meeting, we will disclosure it without delay,” SM Entertainment said on Thursda...

Girl power fuels South Korean entertainment stocks - Vimarsana News

Girl power fuels South Korean entertainment stocks

SEOUL: High expectations of new girl groups have bolstered the stock of Hybe to offset some of the concerns from the hiatus of mainstay artist BTS, while new albums of iconic South Korean girl groups Blackpink and TWICE lifted their labels JYP and YG after South Korean entertainment majors finished the first half better than expected.

Kakao reportedly struggling to acquire SM Entertainment due to Lee Soo Man's alleged high demands - Vimarsana News

Kakao reportedly struggling to acquire SM Entertainment due to Lee Soo Man's alleged high demands

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Kakao struggles to acquire SM Entertainment amid founder's demands - Vimarsana News

Kakao struggles to acquire SM Entertainment amid founder's demands

Kakao struggles to acquire SM Entertainment amid founder's demands

Kakao struggles to acquire SM Entertainment amid founder's demands - Vimarsana News

Kakao struggles to acquire SM Entertainment amid founder's demands

Kakao struggles to acquire SM Entertainment amid founder's demands