Chris Lee DROPS Major Bombshell About SM Entertainment Founding Father Lee Soo-man!

[@that1sha405]

This SM story is like the gift that keeps on giving. I need to see a made for tv movie or kdrama about this craziness

[@andreialves07]

The dramas, chaus, shade 😂😂 uff

[@sheilagibson982]

Exactly, it sounds like a Korean or Chinese drama!

[@mimiOT72025]

Chris was planning to use HYBE's business model in his new plan for SM 3.0 anyway, has he addressed that? How is HYBE the bad guy? A business opportunity fell into their lap and they took it. Were they supposed to turn it down? You don't think SM wouldn't snatch HYBE up in a hot minute? They're jst mad, in my opinion, that the little company they used to spit on now owns their ass.

[@justvibing2171]

Exactly

[@CJ-sin]

So true.

[@Sarah-rc8wn]

Ya..you are right.

[@vsk_bts]

Bravo .... you are right 🙌

[@mingxuanfan]

That’s really amateur talk, the first thing HYBE’s gonna look at will be their financials, nobody is gonna take LSM’s words for it at this point. And they gonna audit the shit out of their numbers and all the dirty deals are gonna come out. That’s why they need 40%. Elon tried to work with twitter, but he was blocked until he had to buy 44% and he just bought the whole thing, and fired the people that were blocking docs from him. 40% is not hostile, it is the minimum amount to unblock those crucial documents, to clean up corruption, but it’s pricey, cuz it’ll be cheaper per share to buy 100%. But hybe is not going for 100%. Chris Lee’s video is to divided hybe x LSM’s alliance, but it’s really not as effective cuz hybe already said LSM is stripped of everything from SM. It wouldn’t matter if he set up XX planning on Mars. If the money is not coming in, they gonna look where it’s going. And cut it off. And I’m 1000% sure Chris Lee had been an accomplice of LSM for years for him to know this much. He’s ratting lsm out for his own protection. That’s the point of the video. He wants to be perceived as the good one that’s “reporting” LSM’s dirty deals. It’s prisoners dilemma, the one that talks with the police gets the lesser sentence. It was for his selfish reasons. Not for SME, kakao, LSM, or hybe, none of that. He’s covering his own axx.

[@ICEcUBeZ1004]

Spot on!

[@justvibing2171]

Facts straight facts

[@eleniminas7742]

Yes 40% but hube bought 25% . I can't wait to see what other Sean has to uncover for this .BORAHAE

[@256sarah6]

Exactly

[@PurpleHaze4me]

@@eleniminas7742i read somewhere 14% leaving lsm with 4%.

[@user_mll374]

THANK YOU for covering this story for us!! You really explain everything so well!! 💜💜💜

[@misosoup8030]

Thanks, Sean! I always look forward to your commentary and appreciate you keeping us up to date. This is a real life K-drama!😂👍🏼

[@alexsura2168]

I don't think hybe would just go in and buy sm without doing any research. I mean bang pd know the lee suman is shady and he'll do anything to destroy hybe. And this might be one of tactics. He's sketchy and there's a red flag totally fly up on this company's head. Hope that hybe really did some investigation and look at all the hidden room that this man be hiding.

[@helenwilliams3704]

Thank You, being from US I always wait for you to break it down in layman's term so I can understand better. You are our SK CNN for the international audience 😊

[@Lizbeth1203]

You are so right. It's much easier having Sean explain it to us than trying to understand the translations of the news articles or just getting snippets from English speaking reporters.

[@flocontour9682]

Thank you for the commentary on the cultural aspect of 'don't rock the boat' that has been the responsibility of the younger generations. It is a tough place to be - this current generation.

[@susanlogsdon3315]

I love watching you. You keep us informed and I learn alot about how things are done differently between countries. I feels sorry for the artists and the lower level employees who livelihood will be affected by all this. I would of loved to been on that 3am phone call.

[@purpleskiesforever]

I can't imagine that Hybe didn't call a team of attorneys to scrub through the contract of this deal. Plus, since Hybe has been trying to do this since last year, I'm sure they're very aware of stipulations and either agreed to or nullified them.

[@scion1185]

Exactly. And all these know-it-alls jumping into the bandwagon of assumptions. Well, every opinion is valid - we’ll give it to them. But it is better for everyone to be on the neutral for now for the sake of the actual artists involved.

[@Mori-Chan613]

You don't need a "team of attorneys" to review a 10-20 page contract. It doesn't take an hour to review it. You made them look like a novice in your comment lol.

[@scion1185]

@@Mori-Chan613 with a puny of a brain like yours, then your statement will apply. But contracts these big do not require just an hour to review, so stop trolling you kiddo 😒🤷🏻‍♂️

[@purpleskiesforever]

@Mori- Chan You absolutely do need a team of attorneys to check the wording of the documents before you spend hundreds of millions of dollars on a transaction. Anyone who is foolish enough not to, deserves what happens.

[@immealldayeveryday9425]

@@Mori-Chan613 you ALWAYS need a team of lawyers especially when it comes to ANY contract

[@schafferable]

Sean, you crack me up! I feel bad for all the artists associated with them. What is amazing it seems even governments are getting rid of the old regime for the younger up to date people.

[@sheilagibson982]

I agree. (Look what happened toLee Seung Gi).

[@akashpandey7466]

Nephew is scared of hybe .. once hybes takes over he will be kicked out for sure !!

[@CJ-sin]

Like the rumour there is a lot of power struggle in SM.not a good environment to be in. Hope the co CEOs are fired by the way he handled the situation they are not a good choice to fill the spot.

[@mmariedelle5511]

Thank you for this video.. Excellent information and explanation that breaks down the issues and events that led to this real-life KDrama ... and Sean doing his own "Co-ha-bi-ta-tion" dance complete with the KPop hand movements at 23:40 is the most hilarious!! Love this video.. 💓💓💓💓

[@Lizbeth1203]

Thanks for your insight Sean. This story has got to be keeping you really busy. Great reporting!

[@debbiecloys9505]

Thanks for the updates on this saga Sean. HYBE has a legal team out of this world so I know they won't go in without knowing everything they need too.

[@niadeea]

And there were so many Koreans accusing JYJ of trying to get rich when they left SM. The amount of bad things said about them, for all of this to now come to light and actually prove that they were telling the truth 13 years ago. I guess it's better late than never.

[@LeeLee-ye1rs]

..WOW!! Bet nobody saw this comming!!!🤦🏻‍♀️. Great video Sean!!!👏🏼🫶🏼🇺🇸

[@lolitaborja8050]

Thanks again for the updates about this..

[@krislee5343]

Thank you for the update! I feel bad for the SM artists who are facing uncertainty! Glad we got Key's comeback this week but he expressed uncertainty in his comeback live...😔

[@davidmun1601]

So much to unpack there

[@tammyp.8567]

You go man and tell us like it really is.... I just love your attitude...

[@genapazilli6674]

💕from 🇨🇦!!! Thankyou for bringing us news from your channel!!!!👍👍👍👍👍

[@seoulitetv]

Technical problem solved. Going live now!

[@4Peace.]

Thank you for your channel!

[@beccahturner5761]

I haven't been able to stand SM for years. I just heard about how unfair the artists are treated and their unfair contracts. But this just proves the LSM is an absolute nutcase and he is corrupt. Hopefully Hybe can get out of the contract and does so. I'm afraid this buy will destroy Hybe.

[@beccahturner5761]

I agree with you in your last video about HYBE picking up smaller entertainment companies to grow and I certainly don't think that it would be a good idea to throw such a huge amount of money into SM/LSM. LSM sounds like a sociopath with borderline personality. It sounds like his nephew has some good changes he wants to make as they will be more fair to the artists.

[@wildlotus4339]

Can the deal was the LSM be cancelled ?

[@l0vet075]

All the produser and artis of SM definitely pro to LSM not to Chris Lee.

[@mimorisenpai8540]

@@l0vet075 don't most SM artists side with CL

[@Amiraj777]

This story is so interesting. I appreciate you breaking it down once again. Staying tuned 🙂

[@4Peace.]

@Jaime Tracy I agree with you regarding SM but I hope that Hybe America has a clear contract with him so he does not try to do to their artists what happened in the US.

[@aoifa_silverDragon]

What happened in the US?

[@vsk_bts]

Can u please elaborate what did sm do ??

[@ksaewa1975]

Right now, I feel very sorry for the Artists, especially my boys EXO! I hope this change is for the better!

[@Haegemon]

This would make the plot for a K-Drama: The lead family of a giant music company in the middle of a power strugle for the control, with their ribal conspiring and the artists on the label adding to the show some extra.

[@crisc1107]

Thank you for making these types of videos. There are more updates today. I am looking forward to your next update

[@laurielarsen7251]

Talk about the "ULTIMATE PANDORA'S BOX"!!!!!!! Thanks for the updates.

[@ddnlee24]

I'm thinking about all the SM artists. It's no longer about the music it's now about MONEY. What about all those young artists that give up their youth/lives to become idols?

[@angeliney22]

Dream is costly. They have to pay their dues to lsm for making their dream comes true, don’t they?

[@kaizokud42]

It is always about money lol. Wake up

[@moyrawallace5895]

Sean, fascinating content as always - I am speechless at the machinations at work in this saga.........does the drive for power and money never end..........💜

[@feliciawashington4538]

Sean, HONEY YOU SPILLED SOME TEA!! Here's my opinion on all THIS.......Lee So-mann NEEDS TA GO! Three years ago he wanted to bring kpop to the west r states, creating NCT WEST! I heard that hot mess and said to myself HELLZ NAH! At the beginning of the pandemic, father greedy noticed that aloof music was being bought from the American citizens a few months later NCT WEST was announced. It died. Then I noticed after the break in the pandemic, ALOT of Kpop boy group like Monsta X and Stray Kids having concerts but Exo SuperM haven't...... greedy mother........ then again Lee So=Mann said ABSOLUTELY NOTHING when Jimin started his military service NOTHING. I remember, seeing him in a KZbin video, him not even clapping when BTS performed for him and his staff. I remember Kai from SuperM getting sad at the mention of being employed by SM Entertainment, it's not that's he's ungrateful but the grueling work that all of my queen and kings put in daily to what for hin to take the money they clearly earn and put it elsewhere? ALSO, to tell Aspea to sing about....trees? We need Chris Casinos drugs and gambeling? NOOOOOO! BOOT LEE OUT!

[@angaka2027]

The next generation needs to create their own businesses- there's more than enough money being made to do that- There's no reason there aren't more Indy labels now that everyone and anyone can self produce and promote When that happens the big labels like SM lose their weight

[@Maraaha55]

It's ten years since Big Hit launched BTS. Before BTS the company was close to bankruptcy and needed help from JYP to survive. Even though BTS did surprisingly well it took years before the company was financially secure. BTS were lucky that they started using social media to get attention at a time when no one else was really doing it. Now, everybody is, so that is also now a noisy platform and hard to get the kind of exposure an artist really needs. There are already literally hundreds of agencies in Korea trying to launch Kpop bands, and despite knowledge, experience and contacts in the industry, they are struggling. Anyone trying to create a new company is facing a huge battle, and it just not as easy as "create your own business" - you need to ALREADY have a lot of capital behind you, and if there's one thing young people lack, it's capital - along with years of experience and a phone full of influential contacts. In effect you need to already have a business, which is ironic to the max. It would be great if some relative unknown could shake it all up, but BTS already did that, but even Hybe is not what I think we hoped it would be. Large companies - if they manage to avoid atrophy and all the other internal issues, and remain innovative - will always have a better chance in the market than small ones. I don;t particularly like it, and am probably prejudiced against it, but I don't have an answer.

[@angaka2027]

@@Maraaha55 Everything you say is accurate but,,,, labels want artists with their own social medial presence now. Every artist signed has that. Without a large following they are not signed. So it's the breakthrough talent that is going to be signed. It is that same talent who can self promote and self produce. Is social media crowded sure but that hasn't stopped those artists from breaking through. The reason they need money and aren't succeeding is because they are trying what's been done. Like BigHit found a way that was different the new artists need to find a way. I believe in the next generation. They are creative and smart and hardworking. They can do it if they just take what they know and break the mold.

[@Maraaha55]

@@angaka2027 Yes, it worked for BTS because it was different, and they did it at absolutely the right time. New artists need to find a new way too - I hope they will, and we see a new Big Hit, but I also need to say that Bang Si Hyuk's approach to nurturing his talent was also new and different from those established companies - many of which have also started to implement some of his ideas with their artists. More of similar, please, even more freedom for artists to create, even more emotional and intellectual support, and more new ideas from more people - ironically, more of the same actually means "more new".

[@PurpleHaze4me]

Majority of kpop idol aspirants target the big 3 + hybe cause thats where the greener pasture and popularity abound. Thats why smaller music entities could barely survive due to the monstrous weight from these powerful entertainment moguls. Kpop business is getting more and more competetive every year or so. It would take a huge sum of money, decades of hardwork and experience, and a number of talented and intelligent people to reduce the weight put on by the reigning music giants, if ever.

[@wdcomments]

It looks like people are trying to break the house down before its sold or get a last laugh in before the "rebirth". As usual Sean your input is fun and well worth watching

[@katiaferreira4370]

The man only speaks out now! LSM has always been shady but SM management sat back while they knew the man embezzled money from SM entertainment (this includes his nephew).Korea dispatch has released 118 facts on LSM and SM recently and it’s shocking! The board of directors also filled their pockets while artists get peanuts by comparison! So these guys must go! Let us not forget that by the same token, the newly created shares and convertible bonds SM with Allign partners created to get Kakao into the mix is also illegal. This should not stand. This whole thing is a mess and this current management is just as guilty. There are some pretty ignorant people supporting Chris Lee when they should be doing some research and reading on the matter! At this stage no one should care if Hybe alone or with Kakao is taking over. They should take over and completely change that management!

[@katiaferreira4370]

Honestly if it needs to be so be it.

[@tammyp.8567]

Wow that shit is crazy..

[@wrldtrvlr4vr]

Always look forward to your news updates.I hope more people subscribe to your channel.

[@karong7017]

Gawwd! This is better than any K Drama ever!!😊

[@deborahscott8162]

Thanks once again for the update in layman’s terms 👍🏿

[@RJ_0805]

Chris Lee was complicit to LSM’s crimes. He participated and benefited from it, but is now only saying something to save his own butt. What he must have forgotten is that he can be sued. Chris Lee is full of it and so is LSM!! Every single last one of them can kick rocks and catch a brick. They don’t care about the artists, staff, or the company’s legacy, just keeping their positions and power.

[@RJ_0805]

@AmyLeeLYMab6 they are also complicit but so is Chris or else how would he know all of this. He only switched on LSM because he didn’t accept all of AP’s demands as well as some other stuff. It’s layers to this ish. None of them are on the good side.

[@RJ_0805]

@AmyLeeLYMab6 I don’t care how big the corporation is or the influence of the person at the top. There’s no one on earth that can make me put my morals aside and participate in unethical and criminal practices. Chris Lee acknowledges this and will reflect on his actions or lack of, and will be stepping down as CEO because of this. I still do not trust him or anyone else at the top or on the board. He has not done anything to deserve my trust. His announcement today has only gain him a small percentage of respect from me. It doesn’t change the fact that he was a factor in this mess. And I haven’t forgotten that he hid behind AP and made deal with Kakao of all companies. It’s no different from what LSM did with Hybe, he was just more swift his actions. Both Kakao and Hybe should back off, and let SM be SM!

[@RJ_0805]

@AmyLeeLYMab6 Dispatch just revealed documents that both Chris Lee and Tak Young-jun not only defended LSM and participated in his illegal practices, but also received 1.8BKW each just last year. This guy and everyone else that aided LSM are not worth being defended. That each have an agenda.

[@RJ_0805]

@AmyLeeLYMab6 I’m really trying to understand your stance on this situation but your argument is all over the place. My OP is basically me calling Chris Lee a two-faced idiot and so is everyone else involved. LSM, Hybe, AP, Kakao, and TYJ are all bad. There is no good side to this situation. The only victims are the unknowing staff and artists.

[@RJ_0805]

@AmyLeeLYMab6 because that’s only 208 out of 600+ staff, and where is the evidence that artists actually sent him well wishes why used them? It doesn’t matter! He still committed crimes right along with LSM!!! He covered his uncle’s tracks because he was benefiting from it as well. Why are you defending him?! Yea he acknowledged his wrong doings but he still must accept the consequences that come after. That’s the cost for wrongdoings! You can get away with it for a long time, but eventually it will bite you in the butt. He knew those documents will come out and the company will be investigated. He knew his name will be in the same group that signed off on all of that mess. So, he bit the bullet and just told on his self.

[@DewdewDC]

The pen is mightier than the sword has now become rumour is mightier. All of these companies are out for the company not the artist other than they need their artists to make money in order to do so themselves. It's big business and I imagine that behind the show the businessmen have a pretty good idea what is going on.

[@nothingbutthebest513]

Those old dogs have old tricks. Soo-man was going to bring down Hybe, SM, and his nephew at the same time; plans within plans. Young dogs will go vicious and bite their own tail off just to bleed on you. Then they will bite off yours because you're blinded from the blood and because of their pain. And you won't know they were behind you. He'll burn a bridge while he's still standing on it. Huh ho. We wish we were in the room when it happened between PD Bang and Lee Soo-man. And yes, your product works, just look in your mirror, handsome.

[@sheilagibson982]

Also, they should be able to trust their label.

[@dnb8835]

Korea is facing a huge generational problem. The old generation think that since they suffer a lot to rise the countrie in this flamboyant successful power, the young generation have to just bow down and bow down. Generational issue, + gender issues + trust in the future issue who doesn't allow young people to make baby anymore.... Korean Politician really need to make a new social deal with thier young people. If not, the countrie will just fade away.

[@dnb8835]

@AmyLeeLYMab6 My fear is that the revolt may be a violent one... and no one want to see this, especially when you have North Korea next to you.

[@allons_y1001]

I don't know why it tickles me, but dude wearing 127 merch for his video is just funny. His invoking Aespa and their comeback though, was clearly a tactic to get fans on his side, and I do not like the manipulation. Or saying that the staff and artists are on their side, when they're obviously not in a position to contradict him if he's bullshxtting us. For the sake of the artists and general staff, I am not looking forward to how much dirtier this whole thing is gonna get. 😔

[@lisaadams7339]

i know it's gonna get messier, bc his nephew might have betrayed him but he fought back by giving the shares to Hybe and you know what we say about Business and Family, Never mix them together plus HYBE is a BUSINESS company. Idk why people make them look like the Hero, they just want money.

[@moonchaser_ae]

I agree. I think there’s a lot of truth in Chris Lee’s statement, but he’s using MYs exhaustion over waiting for an aespa cb to his benefit. I don’t envision the girls crying over lyrics, that’s not their dynamic. I’m sure they are frustrated over the wait like the fans, but it’s frustrating to see Chris Lee twisting that for his benefit.

[@TheMaverickUSA]

Lee Soo-man doesn't care about his artist! I totally blame him for Jonghyun's death. Not getting their artist the mental and physical help they need is shameful. These Idols are overworked, exhausted and struggling. I think these artiest should consider non-renewal of their contracts.

[@mariec.6568]

I hope Hybe doesn’t buy into this company. They don’t need SM under their belt. I agree with you, it could be Hybe’s downfall. They’re starting to get greedy. And that isn’t good. Expanding too much too soon is never a good idea.

[@fotomagrol]

bIG THANKS FOPR THE VIDEO, WE NEED IT...THIS IS GETTING SUPPER CRAZY AND CAOTIC

[@angelsmilkyway4352]

I think the young SM Gen CEOs have a really good idea and they should remain but this HYBE takeover is Game Of Thrones level.

[@richersyed1877]

Wasn’t SM audited by the government and fined in 2020 or 21? When LSM was named in the Pandora Papers he denied wrongdoing and stated he was cleared. So did he and SM lie to the government or did the government knowingly ignore their crimes? Blaming Hybe seems like deflection. Especially after reading the new Dispatch article. Hope the album sales and distributors are audited since LSM was taking up to 20% off sales at one point. I remember reading articles showing boxes of albums being dumped on the street. The suspense 😅

[@jeremywinst]

19:56 what’s that bs? why can’t koreans gamble, why is that korea’s problem? what, can’t koreans use drugs outside korea too and it’s also illegal to drink too much and smoke? can someone tell me why is there such a law in korea? also, are koreans fine with this law? it’s good that they’re illegal but the fact they’re stopping koreans from being free outside of korea is crazy.

[@justvibing2171]

7:20 the tea is hot ☕️ 16:09 interesting 26:53 yup

[@ICEcUBeZ1004]

I'm not siding with either side. Yes, Lee Soo Man is shady but I wouldn't trust his nephew any more. At the beginning of his statement, he mentioned the artists last and that was telling, in my opinion. I understand it's a corporation but the video was petty and unprofessional. Also, he couldn't get that video produced better? I felt like I was watching old school YT videos.

[@evelucky5539]

loving ur articulate and creative narrative. btw, I also love ur impeccable and unblemished skin. Where can I get that mask? lol

[@MyssBlewm]

SM is really helping me with waiting for the next season of Succession 👀

[@tonyaschuder1163]

HOLY SMOKES!

[@vanavern]

I know Chris Lee is the CEO but I wonder SM's PR & legal team allowed this to happen lol. Aren't they facing a lawsuit from LSM? I thought they were suppose not talk about things publicly. I feel so bad for aespa tho, they were namedropped & dragged into this drama. We don't know if what Chris was saying is true but if it is, the whole tree planting song lyrics is ridiculous. Making songs about the climate is fine like how Dreamcatcher did with Maison, but their lyrics are not so literal like "greeenism" lol.

[@Chill_Jill]

"Greenism". Not to be confused with "Rainism". 😂

[@unniemoon95]

Did the nephew show evidence of what he was saying in the video?? (I haven’t watched it yet) I feel bad for SM artists they must be worried about their future I know I would be

[@poppyseed-y7c]

I hope EXO, SuJu, Shinee,TVXQ-all the 2nd and 3rd generation artists don't renew their contracts with SM Ent because things sound too toxic now. Unfortunately the 4th generation like NCT contracts have a few more years before their SM Ent contracts expire.

[@sheilagibson982]

Thank you for this. After what Hook Entertainment did to Lee Seung Gi, I totally get it!

[@giselagarza6293]

Hybe should retract. They’re going to spend an exorbitant amount of money for headaches, stress and more drama. Makes no sense to me. Let SM deal with their circus and figure things out on their own.

[@sheilagibson982]

Did you see his other video on the future of K-Pop, that answered a lot of these questions.

[@inaweofexo]

I think you will find a number of family-based companies will have similar dramas. Only have to learn about the Samsung story to understand the complexities. This will be probably wrapped as neatly as the split of the Roman Empire. It was not HYBE, KAKAO; CJ, etc. forcing a hostile acquisition but more about taking advantage of the internal weaknesses of SM and its unsustainable relationship with LSM. This will be a great case study for business students.

[@SingaJay]

Why would Hybe want to support such a shady character? I hope they don't.

[@sariel8406]

Its pure business laced with poetic justice.

[@zena9524]

That SM CEO should just have a jingle with his good ideas reg environment and play the MV.

[@phaedra5283]

I think the new President in the Blue House gave him the courage to make moves like that. Politicians of this term have probably made deals with him. I also think he plans to still run SM in the background. Speaking of CEOs KZbin's CEO is stepping down.

[@angaka2027]

What came first k-drama or the SM family drama

[@Mori-Chan613]

Will Hybe bid for the management rights during the BOD meeting? They wanted an SM 3.0 that is based from Hybe's management structure anyway. Might as well Hybe takes the wheel.

[@wildlotus4339]

They do not want to know about Hybe. They always think that Hybe is a trash company from low class society which only gets lucky.

[@Mori-Chan613]

@@wildlotus4339 Kinda reminds me of the Kdrama, Reborn Rich.

[@shadesonsurfer]

"saaaucy bullet points" lmao...gonna use that at work

[@bbwalk100]

While airing the dirty laundry he knew all of this but did nothing about it.

[@MsKaz1000]

If Hybe integrates how is it that a monopoly isn't the same as having the big 3 just like in the past no one had a problem back then

[@eileencritchley4630]

I having been thinking the very same thing from the beginning of this Saga. Do people really know what the Term Monopoly even means?

[@happyvaldez2605]

Sean 👍🏻👍🏻👍🏻

[@alexandracarrico1765]

Father SM is a "Godfather" character to foreigners

[@gothgirl66673]

Are we sure the Aespa members weren't crying with laughter when they heard those proposed lyrics? This really is getting ridiculous. Is LSM off his rocker or does he want people to think he is for some reason? Either way, someone please save the current roster of SM artists from this mess.

[@copaqueen]

Sounds like an episode of Reborn Rich

[@PurpleButterfly2173]

Thanks Sean for the HOT TEA..... KARMA?💜🦋

[@alb91878]

I'm not sure how to feel about it here. There's a lot to go through and a lot to think about,. However, I am tired of the older generation suppressing, smothering and snatching things out from the younger generation.The younger generation has so much to offer and it's only fair that they get their say whether it's in music or government or whatever! The older generation is supposed to be wise and be a mentor or leader to the younger generation. And if that's the case and they're showing the younger generation to be selfish and to only care about themselves!I don't know if that applies in the situation but something in the video because kind of made me think about that. Whatever ends up happening I just hope that everybody can be happy besides one single person , and I hope that the artists don't have to suffer because of a power play!

[@triplethread]

This is some petty stuff. Lee Soo-man sounds like any old person who has too much money/ time and doesn't know what to do with the ideas in his head. Chris Lee sounds petty for airing this out. I disagree with you that Chris Lee is standing up to intrench power. He didn't get the job on merit. He got the job on nepotism and is now doing whatever to keep his job - money talks or the potential to lose all that money talks. No where did I get the sense he is for the artists and employees that help made the money and company where it is. Who needs k-drama when you got SM.

[@ICEcUBeZ1004]

If he wanted any part in the future of SM, he ruined it with that petty and low production video.

[@eileencritchley4630]

@@ICEcUBeZ1004 True it make's him sound just as crazy as his Uncle in law. But then we knew he was just as bad any way.

[@Sakura-ko9gh]

From this what I learn is that this sm co ceo is not a good man

[@g-malaigo1155]

CHRIS NEEDS TO GO.... Anyone who worked for years and gained the utmost trust from his Uncle who built something with his hard work .... to come along an stab him in the back without communicating with the uncle on his plans. Doesn't belong in any executive SM seat. He backed his uncle in a corner for Lee Soo-man to do what he felt he needed to do, after being betrayed by someone he trusted. I believe all that Chris is doing is throwing a temper tantrum by holding these ridiculous accusations. If all this is true... then lets start seeing proof and isn't tax evasion over there a criminal offense? Why is Lee Soo-man not being arrested or investigated. If this kid is sprouting nonsense... I hope he get sued for Defamation. If he is trying to have his uncle arrested.... I hope Lee Soo-man cuts this kid out of everything ... including having anything to do with SM or it's affiliates... that goes for Chris's partner as well!!!! HEY CHRIS...... *****Rats belong in the sewer ... ***** HYBE is a company I know is pretty greedy & I worry about the Artists & employees of SM along with SM being able to keep the integrety and independance of all their Artist. (In my personal opinion HYBE has done this for GREED, not at all for Partnership ... but to take, more than they willing to give. Yes, they maybe #1 in revenue .. etc. However... what KPop group & their fanbase got HYBE to that point? I'm just grateful that the young men that worked their asses off, with very little vacation time for family & just mental breaks is now on Hiatus, getting over due time they needed for themselves)

[@Koakoa45]

here we are 30 Mar 2023 and Kakao Entertainment has bought 1.66 million shares from HYBE. That left HYBE with 54% of its shares in SM. HYBE sold its 1.66 million SM shares for 248.8 billion won ($191.8 million), or 150,000 won ($115.62) per share, leaving it with an 8.8% stake in SM Entertainment. Sadly the price of the stock dropped heavy after Kakao bought it so HYBE lost money with their remaining 8% they still own.

[@Launibu]

I couldn't care less about SM lol, but I do think hybe is the best bet. Hybe will let companies still run themselves under them. I love bts, but I don't like any entertainment company. I think they all have some corruption here and there. For people that like K-pop, as a whole, I think would like hybe better than the other option.

[@theresacastro5795]

“Tums to them” 😂😂😂😂

[@CJ-sin]

Chris lee should know that who give him the position of SM in the first place. If he is not the nephew do you think he will get his job as CEO. He told Hybe do you know what you are getting into but do Kakao know what they are getting into. They will be in the same position as Hybe. Difference is he will be fired. I do not think he is the right person for the job. The way he handled the things is unprofessional.

[@jainekim5450]

Throwing soup cans in the microwave 😂

[@ariesa9751]

SM always had the worst pay distribution. If you compare a comparable artist from jyp and sm. Nine times out of ten the jyp artist is richer.

[@clo5522]

Has the South Korea government never enforced their anti-monopoly laws on these type of deals?

[@eileencritchley4630]

It's not an monopoly so how can they?

[@ava7571]

LSM sold the company & took the money but not ready letting go. Very shaddy.

[@bea_hae_tae9392]

LSM received some commands from control in 2022. Basically they hoped to have some growth and profit opportunities but unfortunately Chris would also like to have more influence than he had and interestingly it looks like they helped cocoa buy shares to take control and this is where LSM stepped in again without giving an advantage and leaving Chris at the helm because they would probably support him and here unfortunately LSM sells HUBE shares and does not allow cocoa to control

[@kimcheerose]

Bottom line: Lee Su Man as he aged got very proud and Greedy. He does not care about Sm artist well being at all. He wants most of profits from Sm entertainment artists only for himself to glorify himself. I sincerely hope that Sm entertainment will survive without Lee Su Man for the artists sake.

[@franzitaduz]

Sharks swim together until one bleeds and then it’s a frenzy mealtime. Hybe can just sit in the boat for a bit and watch…..My sympathy goes to the artists and employees who’s lives will be damaged.

[@krispeekornflex]

But here's the catch, they're accomplices, they know everything for so long but concealed the fact until now. If LSM kicked out and prosecuted, so does everyone that knew and involved directly and indirectly. So it really is a bomb that will get everyone in SM with shrapnels.

[@scion1185]

Of course these corrupt SM execs knew and you’re right - accomplices 😂😜 they are no better than LSM. They will all join the circus 🤡

[@AliPop]

Words that Lee Soo Man or others (writers, singers, producers etc.) incorporate into the songs may be true. I have heard words in songs that have no reason to be there or maybe someone added them to a song for personal reasons. The last word I heard and it seems a lot coincidence was in the Taimin's song Advice. In part of the song where a chipmunks-like voice is heard, it clearly says the word "bochinchera" not once but several times. This word means gossiper in some Spanish-speaking countries. The theme of this song is about "warning to judgmental people and those who are caught up in their prejudices".What a coincidence to use that word in a song with this theme. Was they pointing to Spanish speakers? Are they pointing out women because they use the letter A at the end of the word? Why didn't they use gossiper woman? In all countries there are people with prejudices, not only in Spanish-speaking countries, whoever incorporated this word to point out Hispanics is being misogynist and racist.

[@MeGustasTu2024]

I would prefer to be under HYBE if I were an SM Artist or employee. I also wonder why did the nephew wait so long to reveal all of these unethical,perhaps even illegal, practices by LSM? I don’t believe for a second that it’s out of the goodness of his heart. He just shot himself in the foot. I think he has resigned now but I would be asking him how long has he known this & look into his financials as well. If they find that LSM has broken any law they should charge him & jail him.

[@bbwalk100]

Seoulite tv: Chris does not have the power to stop LSM, of selling his personal shares to Hybe. Btw, Chris, is no longer the CEO, he resign.

[@zbrewed]

LSM “planning” and “planning” but they are not panning out.

[@lmg633]

I'm 11 min in and I'm getting Kdrama vibes.

[@carlagirl7]

This is some drama for sure! I think HYBE should work with Chris now that his uncle is out of the way… Give them a chance to show what that generation can do. Regarding “the head of HYBE America being recommended to be on the board at SM” (who I believe is now Scooter Braun) I think until western music industry labels have KPop executives on THEIR board, SK should precede with caution with inviting western music executives to their label….

[@Chill_Jill]

What in the K-Drama world is going on? Lol 😂

[@ValentineEvents]

How do you suck me into whatever your reporting? I really don’t care about this issue but you make it sound better then any KDrama plot and here I am lol